Tuesday, March 18, 2014
Legislature Mainly Says No
The Legislature DID finish on time for the first time in five years. Yet, there was a lot left undone that needed to be finished.
1) one tax incentive (SB 6440), classified natural gas to be taxed as a transportation fuel, supporting a potential economic development project in the port);
2) no new transportation package of revenue, investment and reform;
3) no new taxes except closing (SB 6430) a tax incentive/loophole on R&D Sales & Use Tax and B&O tax credits that will expire December 31, 2014;
4) no higher education tuition increase (2 years running);
5) no workers’ compensation reform;
6) no teacher cost-of-living-adjustment (COLA) (6 years running);
7) no teacher mandatory evaluation so maybe no federal waiver (loss of approximately $40 million in federal dollars);
8) no supplemental capital budget for the first time since 1996.
Guest Blogger: Michael Transue
Government Affairs Lobbying & Advocacy Services