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Senate Finance approves amendment raising maximum benefit cap to $750,000
Summary
Committee members voted to amend a benefit cap upward to $750,000, with supporters calling it a reasonable compromise and proponents noting historical payout levels below the new cap.
The Senate Finance Committee approved an amendment to raise a statutory maximum benefit cap to $750,000.
A sponsor moved to amend the dollar cap upward, arguing for an increase to account for inflation and rising costs. The sponsor said the maximum benefit previously was $500,000 and noted that “the maximum benefit we've ever paid out is roughly around $350,000,” arguing that a higher cap was a reasonable compromise given current conditions. Another senator told the committee she would support the $750,000 number as a compromise.
Committee members voted by voice; the chair announced, "the ayes have it." The motion to adopt the amendment passed. The committee record indicates Senator Lang made the motion and Senator Waters seconded; further implementation details and effective dates were not specified in committee discussion.
The change approved in committee is an amendment to the budget package; exact statutory text and the amendment identification will appear in the official HB 2 amendment documents.
