While we passed several important bills last week, my efforts were centered on reviewing the House’s proposal, House Bill 265, for the state’s two-year budget. Each year, spending will be roughly $9 billion or $18 billion total over the two-year budget cycle. The Senate proposal carries about 6.58% authorized debt which is lower than the House’s proposal of 6.8% and even lower than the Governor’s proposal of 7.1%. The Senate’s budget puts more money into the Rainy Day Fund and significantly lowers the state’s structural imbalance.
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