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Negotiators ask fiscal office to model alternatives as Ontellus housing-cap debate continues
Summary
Senate-House conferees on the Ontellus housing bill debated whether to raise or reshape a $40 million cap on financing for infrastructure, discussed exempting affordable and moderate-income housing, and asked the Joint Fiscal Office to model alternate cap and increment scenarios before agreeing to a final number.
Members of the Senate-House conference on the Ontellus housing bill on Jan. 27 asked the Joint Fiscal Office to run new financial modeling after several negotiators said the current $40 million cap on infrastructure financing could be insufficient to reach housing goals across rural and urban communities.
The request was part of an hours-long negotiation over how the bill should treat a funding cap and whether affordable and moderate-income housing should be counted against it. “I think it's time to ask the JFO to do some new work for us,” Participant 3 said during the session, pressing for numerical analysis of different cap levels and retention assumptions. Participant 3 later added, “But I think until that time, the last best offer still stands.”
Why it matters: conferees said the cap determines how many projects can access retained education tax increment dollars for infrastructure and that the same dollar amount can support very different numbers of…
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