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Lawmakers debate $200 million cap and TIF sunset in omnibus housing bill
Summary
During a live S 127 session, legislators continued negotiations on an omnibus housing bill, disputing a $200,000,000 cap and whether Tax Increment Financing (TIF) provisions should include a sunset; no formal vote was taken as members recessed to confer.
Legislators in a live session labeled "S 127 Senate House" continued negotiations over an omnibus housing bill, focusing on whether to keep a $200,000,000 cap and whether to include a sunset on Tax Increment Financing (TIF) provisions.
The discussion could affect how much housing-related financing is available and for how long; the members did not take a formal vote during the exchange and recessed to confer.
"We're gonna stay at the $200,000,000 cap and have no TIF sunset that we were originally at before," Speaker 3 (Legislator) said, describing a recent conversation he had with the governor and asserting the governor's position on the bill.
Speaker 2 (Legislator) said there was an outstanding disagreement about the TIF sunset, and noted that, "we understand and have agreed to a sunset of 2035, which was our original proposal." That statement framed the remaining point of contention as whether a TIF sunset would be included or removed.
Speaker 1 (Legislator) proposed a short recess to allow members to confer and review the draft language together, saying, "we'll go off live. We'll recess," and suggesting the group reconvene in about 10 minutes. Speaker 1 also urged members to review the agreed text and to consult counsel before returning to the live session.
No formal motion or vote on the bill was recorded in the exchange. Members directed staff and colleagues to confer and return to the live session after the recess to attempt to resolve the remaining disagreement on the TIF sunset and related technical language.
The session resumed as a working negotiation rather than a decision point; future meeting minutes or a subsequent live session are expected to record any formal motions or votes on the omnibus housing bill.
