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Negotiators say $200 million cap agreed for omnibus housing bill; TIF sunset still unresolved
Summary
Senate negotiators and the governor signaled agreement to a $200 million cap in the S 127 omnibus housing bill, but negotiators said the Tax Increment Financing (TIF) sunset remains a point of disagreement; conferees paused to consult and planned to reconvene within minutes.
Senate negotiators working on S 127, an omnibus housing bill, said they and the governor are aligned on keeping a $200,000,000 cap but have not resolved whether Tax Increment Financing (TIF) will carry a sunset provision.
“Allison, where are we?” a meeting participant asked before participants turned to discuss the remaining points. Allison, a meeting participant, responded, “we are, we are gonna be fully transparent, and, we are we're we're grateful. Thank you very much for all the things we have agreed to together, and I think this has been good work.”
Chris, a meeting participant, described a recent conversation with the governor and summarized what he said were the parties’ positions: “we as the senate and the governor were under the assumption we were coming back with a with a new cap based on no TIF sunset. And the senate's position is gonna continue to be in support of the governor as well where the governor stands on this bill based on my recent discussion with him that we're gonna stay at the $200,000,000 cap and have no TIF sunset that we were originally at before.”
Participants also said they had agreed to a separate sunset of 2035 for what was referred to in the discussion as “chip.” One participant said, “Plus the chip, we understand and have agreed to a sunset of 20 35, which was our original proposal.” The transcript does not define “chip.”
No formal motions or votes were taken during the recorded exchange. Instead, conferees paused the public portion of the meeting to consult among themselves and planned to return shortly: one participant suggested reconvening “about 10 minutes” later; another offered to reconvene at “02:30” or “quarter of 3.”
The discussion indicates the parties have aligned on the bill’s dollar cap but continue to negotiate the treatment of TIF sunsets. The record shows the group planned private consultation and a near-term resumption of public proceedings to attempt to resolve the remaining issue.
