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Staff outlines legacy fund POMV distribution, allocations to highways and property tax relief
Summary
Legislative Council described how the legacy fund’s percent‑of‑market‑value (POMV) distribution at 8% will fund bond payments first, then split remaining legacy earnings 30/70 between the highway fund and the primary residence/property tax relief fund
Adam Mateuk and committee members reviewed how the Legacy Fund’s percent‑of‑market‑value (POMV) distribution will be applied under changes enacted in the recent session.
Mateuk said statute now sets the POMV distribution at 8 percent and staff estimated that would yield roughly $687 million for 2025–27 based on the June market value used in the presentation. He described the distribution…
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