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Committee weighs reserving one-time funds and coordinating cost-driver fixes across committees
Summary
Members debated using part of a one-time transfer to create a tax-rate offset or transition reserve versus applying all funds immediately to buy down rates, and proposed a member-driven review of cross-committee bills that could reduce education cost drivers.
During the same Ways & Means session, members discussed a combined buydown-plus-reserve approach and whether yield-bill language should incorporate cost-driver changes being considered in other committees.
Julia Richter (Joint Fiscal Office) described a model (column G) that uses one‑third of a roughly $104.9 million one‑time general‑fund transfer to lower property taxes in FY27 and places two‑thirds into a transition or tax‑rate offset reserve for future years. Richter…
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