2015 House Bill 4112 ↩
Senate Roll Call 29:
Passed
To revise the current year state budget to reflect lower than expected welfare and Medicaid caseloads, and add additional spending in a number of areas due to increased federal and other revenues. Also, to reduce some state “general fund” spending to reflect lower than expected balances in this fund brought about by higher than expected payouts to corporations and developers who were granted selective “tax credit” deals by the previous administration. Among the cuts are $12 million out of the $50 million previously appropriated for subsidies to film producers this year. Finally, the bill adds $11.2 million to cover costs incurred by a statewide ballot initiative on May 5 that would increase the state sales tax from 6 percent to 7 percent, and trigger additional tax increases that all told come to a $2 billion.