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Senate committee reviews pilot special fund projections, debates which payments feed local-option transportation fund
Summary
Staff presented FY27–FY28 outlooks for the local-option municipal transportation (pilot) special fund, outlining a $3.0M startup appropriation and alternate constructs depending on whether listing/reappraisal payments are included; members debated directing funds to Town Highway A versus grant programs and requested more precise fiscal language.
Committee staff presented a detailed fiscal outlook for the proposed local-option municipal transportation special fund and debated how to construct the pilot revenue base and direct future deposits.
Jeff Burnett provided the fund projection, saying a FY27 starting balance of about $13.2 million and pilot revenues near $16.2 million would be reduced by planned uses in FY27 to leave roughly $10.2 million on the bottom line. He explained the bill language included a $3.0 million appropriation into the special fund…
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