Home – Budgets in Brief - March 11 2019

Budgets in Brief - March 11 2019

MN GOV PROPOSES $1.3B IN BORROWING

MINNESOTA Gov. Tim Walz (D) has proposed borrowing nearly $1.3 billion to provide more affordable housing, fix buildings on college campuses and repair transportation infrastructure. Although parts of the governor’s plan have broad appeal, the state’s Legislature doesn’t usually pass large bond measures in odd-numbered years. (STAR TRIBUNE [MINNEAPOLIS])

 

MA HOUSE SPEAKER PROPOSES SPENDING $1B ON GREEN INFRASTRUCTURE

MASSACHUSETTS House Speaker Robert DeLeo (D) has called on his fellow lawmakers to take up yet-to-be-introduced legislation this session providing for $1 billion in borrowing over the next decade for investments in emergency efficiency, renewable energy, and climate change resiliency, including electric vehicle charging, energy storage and solar power infrastructure. (UTILITY DIVE)

 

IL GOV PROPOSES PLASTIC BAG TAX

ILLINOIS Gov. J.B. Pritzker (D) has proposed a statewide 5-cent tax on plastic shopping bags to reduce waste while raising revenue. But the proposal is facing some resistance, particularly in Chicago where a 7-cent plastic bag tax has already been in effect for over two years. (CHICAGO TRIBUNE, LEXISNEXIS STATE NET)

 

NM HOUSE PASSES TAX OVERHAUL

NEW MEXICO’s House approved a bill overhauling key parts of the state’s tax code to broaden its tax base, reduce its dependence on oil revenue and provide more money for education, healthcare and transportation. Among other things, the bill would raise some individual income tax rates and levy new taxes on e-cigarettes and online sales. (ASSOCIATED PRESS)

 

MI GOV PROPOSES BIG GAS TAX INCREASE

MICHIGAN Gov. Gretchen Whitmer (D) has proposed a 45-cents-per-gallon increase in the state’s gas tax to generate over $2 billion for road repairs. The increase would be phased in over a one-year period, with the first 15-cent hike coming on Oct. 1, the second on April 1, 2020, and the third on Oct. 1, 2020. (DETROIT FREE PRESS)

 

AL GOV CALLS SPECIAL SESSION TO CONSIDER GAS TAX HIKE

ALABAMA Gov. Kay Ivey (R) called the Legislature into a special session last week to consider raising the state tax on gasoline and diesel fuel by 10 cents to provide additional infrastructure funding. The state’s fuel taxes have stood at 18 cents for gas and 19 cents for diesel since 1992. (BIRMINGHAM NEWS, LEXISNEXIS STATE NET))

 

-- Compiled by KOREY CLARK