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Podcast 83 Legislative Update May 14, 2024
Legislators continue to grind on a fiscal 2025 state budget,
a document that could yield a massive reform in county revenue sharing, a Podcast 83 team member detailed this week in a new episode.
While the governor, the House and the Senate all have
proposed increases in revenue sharing, it’s the Senate approach that is most attractive, said Governmental Affairs Director Deena Bosworth.
Like the House, the Senate is pursuing MAC’s trust fund
proposal of carving out a portion of the state sales tax for use in dedicated fund for counties.
“(The Senate) wants to do 9.1 percent of the state sales tax
for cities, villages, townships and counties. And they are not doing the public safety percentage (which the House is pursuing),” Bosworth said. “So, Sen. (John) Cherry made the recommendation that we're going to take a bigger piece of the sales tax, which is a $52.5 million increase. He says whatever your county got in fiscal year 24 is absolutely the minimum. And then that additional $52.5 million that he is recommending for this year is going to get distributed out to counties based on an inverse relationship to their taxable value.”
The next big step in the budget process is the Consensus
Revenue Estimating Conference on Friday, May 17. That’s when legislators will know final numbers for spending. The expectation is the Legislature will finish its budget work in mid-June, well ahead of its statutory deadline of July 1.
In other Capitol news:
View all episodes
By DerekLegislators continue to grind on a fiscal 2025 state budget,
a document that could yield a massive reform in county revenue sharing, a Podcast 83 team member detailed this week in a new episode.
While the governor, the House and the Senate all have
proposed increases in revenue sharing, it’s the Senate approach that is most attractive, said Governmental Affairs Director Deena Bosworth.
Like the House, the Senate is pursuing MAC’s trust fund
proposal of carving out a portion of the state sales tax for use in dedicated fund for counties.
“(The Senate) wants to do 9.1 percent of the state sales tax
for cities, villages, townships and counties. And they are not doing the public safety percentage (which the House is pursuing),” Bosworth said. “So, Sen. (John) Cherry made the recommendation that we're going to take a bigger piece of the sales tax, which is a $52.5 million increase. He says whatever your county got in fiscal year 24 is absolutely the minimum. And then that additional $52.5 million that he is recommending for this year is going to get distributed out to counties based on an inverse relationship to their taxable value.”
The next big step in the budget process is the Consensus
Revenue Estimating Conference on Friday, May 17. That’s when legislators will know final numbers for spending. The expectation is the Legislature will finish its budget work in mid-June, well ahead of its statutory deadline of July 1.
In other Capitol news: