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Bill to divert coal severance excess into trust prompts debate over long‑term balance
Summary
Sen. Dave Fearn’s bill (SB 343) would shift remaining annual coal severance excess into the permanent trust after FY2027 to grow the corpus for infrastructure; members questioned the short‑term effect on general fund structural balance and relied on LFD fiscal notes.
Senate Bill 343, introduced by Senator Dave Fearn, would redirect remaining annual balances from the coal severance tax fund into the coal severance tax permanent fund after July 1, 2027, increasing the trust corpus used to support long‑term infrastructure needs.
Fearn presented a diagram of fund flows and said roughly half of severance collections have historically been deposited into the trust while…
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