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Committee approves amendment to shift $135 million from SIF fund in HB 1234; bill passed as amended and referred to Appropriations

2159751 · January 28, 2025
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Summary

The House Finance and Taxation Committee voted to adopt an amendment to House Bill 1234 to use $135 million from the State Investment Fund (SIF) to pay pension liability and then voted to pass the bill as amended and refer it to the Appropriations Committee.

Committee members approved an amendment to House Bill 1234 that would use $135 million from the State Investment Fund (SIF) to help pay down Public Employees Retirement System (PERS) liability, then voted to pass the bill as amended and refer it to Appropriations.

Representative Olson moved the amendment and Representative Anderson seconded. During discussion Representative Doctor said lawmakers need a vehicle to address pension liability and argued $135 million would be "a good start." Representative Steiner objected to changing a previously discussed plan that earmarked $65 million for property tax relief, saying she would "resist" because it alters an earlier plan.

The committee took a roll‑call vote on the amendment. The roll call recorded the following votes: Chairman Hedlund — yes; Vice Chair Haggart — yes; Representative Anderson — yes; Representative Doctor — yes; Representative Dressler — yes; Representative Greenheck — yes; Representative Machtenbacher — yes; Representative Nehring — no; Representative Olson — yes; Representative Porter — yes; Representative Steiner — no; Representative Toman — no; Representative Foss — yes; Representative Ista — yes. The chair announced the motion carries (11 yeas, 3 nays).

After adopting the amendment, Representative Olson moved that the committee give House Bill 1234 a "do‑pass as amended" recommendation and refer it to the Appropriations Committee; Representative Anderson seconded. The committee then recorded a second roll call with these votes: Chairman Hedlund — yes; Vice Chair Haggart — yes; Representative Anderson — yes; Representative Doctor — yes; Representative Dressler — yes; Representative Greenheck — yes; Representative Machtenbacher — yes; Representative Nehring — no; Representative Olson — yes; Representative Porter — yes; Representative Steiner — no; Representative Toman — no; Representative Foss — yes; Representative Ista — no. The motion carried on the second vote (10 yeas, 4 nays). The committee asked for a bill carrier and recessed.

The committee record shows two formal actions on House Bill 1234: adoption of the amendment (carried) and a do‑pass-as‑amended referral to Appropriations (carried).