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Appropriations Committee hears BAA overview as lawmakers weigh reserves and property tax relief
Summary
Administration staff told the Appropriations Committee there is roughly $121 million in additional revenue to allocate in the Budget Adjustment Act, with about $46–48 million proposed for new appropriations and roughly $75 million temporarily reserved for property-tax relief under proposed Section 50 language.
Chair (unidentified) opened the Appropriations Committee on Jan. 31, urging members to remember “the constitution, our constituents, and the community” as the panel reviews the governor’s Budget Adjustment Act. The administration’s presenter told the panel the state began the BAA process with about $121 million in available revenue after forecast upgrades and reversions.
The presenter said the BAA includes roughly $48 million in…
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