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Senators clash over bill that would prefer leasing state trust lands to selling them
Summary
Senators debated language that would give preference to leasing state trust lands over sale. Supporters said leasing preserves long-term public value and revenue; opponents said many trust land sales created dedicated trust funds and that sale remains an important revenue tool. Sponsor said she would work with municipal leaders to address tax-treatment concerns.
A bill proposing a preference that the state lease, rather than sell, certain state trust lands drew extended debate on the Senate floor, with lawmakers airing sharply different views on long-term stewardship and taxation.
Senator Davis, the bill’s sponsor, said the state should “look at the value of land, not just today” and voiced support for a policy that favors leasing when practical so that the state can preserve assets and revenue for future generations. “I think there should be a specific preference for this…
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