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House passes $29 billion appropriations package after floor debate; sponsor highlights tax cuts, debt prepayment and program investments
Summary
Senate Bill 3, the session's appropriations capstone, was debated and passed by the House. Sponsor Representative Val Peterson described $29 billion in all-sources funding for 2024, $1.8 billion in additional allocations, $775 million in debt prepayment, teacher pay increases and an $850 million tax cut. The bill passed 70-1.
Representative Val Peterson presented Senate Bill 3 as the chamber's capstone appropriations measure, describing it as "the bill of bills" that ties prior fiscal legislation together and balances the state budget. "It also adds an additional $1,800,000,000 since our previous action. It also brings our 2024 state budget from all sources to $29,000,000,000," Peterson said on the floor. He cited major priorities funded…
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