The Budget Advisor has stated that it is not possible to fund the entire cost of teachers' pensions without raising some tax.The Appropriations Committee is proposing $370 Million in budget cuts.Should the State return the income tax to 5% or transfer $240M (50%) of the cost of Teachers' Pensions to the Counties?
Half-way Mark for the 2012 Legislative Session
The end of this week will mark the half-way point for the 2012 Session and we still have a great deal of work left to do. My committee, Environmental Matters, will have hearings Tuesday through Friday beginning at 1:00 p.m. for the next four weeks, most days the hearings will end near 7:00 p.m. We have not passed any major legislation out of Environmental Matters Committee. I continue to work on HB 149 - the moped licensing issue and HB 433 - the licensing of condominium and homeowner managers. With the passage of HB 438, the Civil Marriage Protection Act, we can finally move onto the 2013 budget and other important legislation.
Budget/Teacher Pensions
The most controversial issue in the 2013 budget is “Teac... Read More>>