Senate Adopts a Budget; Negotiations Have Begun on Both Budget and Taxes
Also today the Senate adopted their budget in Sub for Sub HB 2359 on a vote of 28 to 12. This action puts two competing budgets into conference and the conference committee met this afternoon and evening to begin negotiations. This is an arduous process since the budgets are enormous and 14 pages of conflicting positions are being discussed. There will be a lot of back and forth offers until a comprehensive package of some House positions, some Senate positions, and some compromise positions are put into a conference committee report for consideration by both chambers.
At the same time, the tax conference committee is working out compromise positions on a number of bills. The big issue there will be what to do about Sub for HB 2228, the Senate’s massive tax cut package that, if passed, puts the whole budget being worked out by a different committee in jeopardy.
Negotiations on the Budget continue tomorrow at 10:00 am; tax negotiators meet again tomorrow beginning at 10:30. It will likely be a very long day!