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Senate negotiators coalesce on $200 million cap, 10-year issuance for S.147 housing proposal
Summary
At a Senate Accounts conference on S.147, negotiators proposed a $200 million cap on financing tied to the bill, a 10-year issuance period with a 20-year retention assumption, and agreed to drop a proposed five-year cap review; no formal vote was recorded.
Negotiators at a Senate Accounts conference on S.147 discussed settling on a $200 million cap for the housing financing proposal, with issuance limited to 10 years and a longer 20‑year tax-increment retention window. They also recommended dropping a proposed five-year statutory review of the cap and noted the administration indicated the measure could be signed if the terms hold.
The working group said the cap reflects assumptions used in their spreadsheet analysis, including an increment figure described in the meeting as approximately 75.85 and an education-fund return estimated at about $38 million under the proposal. Staff work cited an estimated…
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