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Lawmakers describe balancing $30.8 billion budget, tax cuts and Medicaid costs
Summary
Panelists described this session's budget trade-offs: a $30.8 billion spending plan, a 0.5% income tax cut, unanticipated Medicaid costs and continued use of rainy day funds.
Senate Majority Leader Kirk Cullimore said the state operated with a $30,800,000,000 budget this session and described a multiyear approach that included tax cuts and reserves: "So even though we cut taxes again this year by a 0.5%, it's more about what we're signaling to the economy," he said.
Panelists said projections shifted during the session. Cullimore said Medicaid expansion required an unexpected additional $75,000,000 beyond December projections. Representative Angela…
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