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Committee hears JFO estimate that H.933 would shift about $10M to transportation fund; members warn of general-fund risk
Summary
Joint Fiscal Office said H.933's allocation changes would shift roughly $10 million into the transportation fund by reallocating portions of meals-and-rooms and purchase-and-use taxes; several senators urged caution, saying the permanent shift could weaken the general fund amid economic uncertainty.
Christopher of the Joint Fiscal Office presented the bill's fiscal note and told the Senate Appropriations Committee that an allocation change in H.933 would redirect about $10 million annually into the transportation fund by shifting portions of meals-and-rooms and purchase-and-use tax receipts. ‘‘This proposal would make a roughly $10,000,000 shift of revenues...’’ he said while explaining the mechanics,…
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