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Senator Hilliard urges caution, proposes treating most recent revenue gains as one-time
Summary
Senator Hilliard distributed fiscal estimates and warned the Senate leadership not to treat volatile sources (investment income and corporate taxes) as ongoing revenue; he recommended treating a substantial portion as one-time funds for capital projects or bond paydown.
Senator Hilliard used floor time to distribute fiscal charts and to caution colleagues that recent revenue increases are concentrated in investment income and corporate taxes—sources he described as volatile—and recommended treating much of the new revenue as one-time. "We're really, really concerned to build that into budgets," Hilliard said, urging leaders not to…
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