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Senate president proposes 5.5% growth cap and $276 million property-tax cut in opening remarks
Summary
Senate President Lisonbee told members he wants to limit state government growth to 5.5% and eliminate the state portion of the property tax on the minimum school levy (an estimated $276,000,000), and he asked lawmakers and community leaders for options to close the funding gap.
Senator Lisonbee, the Senate president, used the chamber’s opening remarks to outline a fiscal agenda calling for a limit on government growth and a major property-tax reduction.
"We limit government this year by a growth, not a reduction, but limiting growth of government to 5.5%," Lisonbee said, proposing a cap he characterized as a restraint on spending increases. He told members that a 5.5% cap would amount to "a tax reduction of some $90,000,000," and asked where the state should find those savings.
Lisonbee also proposed eliminating "the state portion of property tax on the minimum school levy," saying the move would reduce property taxes across…
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