First Signs Of New Budget And Tax Changes
With the Revenue Estimating Conference forecast for how much revenue the state can expect to take in, legislators are beginning the sprint to the end of the legislative session. Budgets are starting to form in the Senate and House. So are more tax reduction proposals, including one that would change funding for mental health to come from the general fund instead of local property taxes. It’s part of an omnibus bill that includes seven other divisions not related to mental health. Some of those other divisions would eliminate backfill payments to cities and counties, repeal the Charitable Conservation Contribution Tax Credit, and place more regulation on the state’s century-old Forest Reserve Program.