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Conference committee flags $3.5M tax‑credit gap, considers funds for extended session
Summary
The conference committee was told the House tax‑credit package sets aside $13.5 million while the Senate assumes $10 million, and that the committee must decide how to reconcile the $3.5 million difference and whether to set aside funds for extra legislative weeks.
Committee staff told conferees the House tax package proposes $13,500,000 for tax credits while the Senate budget assumes $10,000,000; the conference committee must pick a number and identify offsets or savings to cover the roughly $3.5 million difference.
“For the record, Emily Burton, the joint fiscal office,” said a staff member, and she explained the difference: “To the extent the tax packages aren't settled, this committee needs to come to an agreement on what will be set aside for tax credits.” Burton also warned the committee that the General Assembly could meet several weeks longer than budgeted this year because of the education transformation bill and recommended setting aside funds for additional legislative weeks.
Committee discussion centered on how much to reserve for an extended session and how to structure any holdback so it reverts if unused. One staff estimate described in the transcript puts the approximate cost at about $300,000 per extra week of session. Members discussed options including setting aside a lump sum that would revert to the general fund if not used, or moving a portion into contingency language rather than base appropriation.
No final numeric decision appears in the transcript; committee staff said conferees will need a final number and a plan for offsets if they choose to adopt the House tax‑credit figure.
