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Finance, Revenue and Bonding adopts biennial revenue estimates after roll-call vote
Summary
The Joint Committee on Finance, Revenue and Bonding adopted the revenue estimates that will guide the biennial budget by roll-call vote. Representative Paletta voted no, saying the budget contains tax increases; the committee chair said adoption is not a policy endorsement but a statement of the estimates' credibility.
The Finance, Revenue and Bonding committee adopted the state revenue estimates to be used for the biennial budget in a roll-call vote after a motion from Representative Horn and a second from Representative Wood.
The adoption formalizes the committee's view that the revenue forecast is credible and should be used for budget preparation. "The adoption of the revenue estimates is not a ... comment on policy today. That will happen either today or tomorrow. Today is to adopt that we believe that these estimates are credible, that we stand behind them, and that's our role for this morning," the committee chair said during the meeting.
Representative…
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