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JBC debates shifting marijuana tax revenue from local shares to state funds amid municipal timing concerns
Summary
The Joint Budget Committee reviewed House floor and Senate amendments that reallocated local marijuana tax shares to state purposes (a $9.4M annual shift), debated the mid‑year impact on municipal budgets and agreed to include a review clause after three years; members also discussed keeping transparency/reporting amendments.
The Joint Budget Committee spent significant time April 12 on proposed changes to the marijuana tax cash fund (MTCF) that both chambers amended. John Catlett, JBC staff, said the March OSPB forecast projected about $130.4 million in revenue, and that shifting a portion of local government shares to the state would yield roughly $9.4 million in additional state resources for FY2526.
The House floor adopted an amendment that reduces the local share further — from the introduced 5% local allocation down…
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