Wednesday, February 20, 2013

Busy Day Dominated By Transportation Compromise


The Senate rejected the House amendments to HB 1999, and requested a committee of conference.  This is the grade-the-school A-F bill.

 HB 2096, the takeover of underperforming schools bill, went by for the day in the Senate.

The big news of the day was the conference report on HB 2313, the transportation bill.  I am going to restrict coverage to the narrow issue of the impact of the conference report on the General Fund (GF).  Thirty percent of the General Fund now goes to public education, so any "take" from the GF for transportation is of great concern.

What is the impact on the GF?  The answer is complex, as the bill giveth, and the bill taketh away. 

The take from the GF over 5 years (2014 to 2018) is 699.1 million.  About $209.2 million of this would go to public education.

The bill dedicates an additional 1/8th of the existing general sales tax for education.  This equals $578.3 million over 5 years.

If the Marketplace Equity Act (MEA) passes on the Federal level, an additional $344.5 million is earmarked for public education.  My understanding is that this is a huge IF.

If the MEA does not pass shortly, public education loses out on $59.3 million in 2014 and $67.3 million in 2015.

If MEA does not pass by January 1, 2015, the gas tax will be raised and the GF diversion to transportation is reduced to $40 to $70 million.
 
It is going to be interesting to see if this bill, which does increase taxes, will pass the House.  I suspect that it will pass the Senate.  The bill will raise $880 million a year for transportation when fully implemented in 2018.

The Senate took of SB 1374, Senator Alexander's constitutional alternative to SB 1324, which addresses underperforming schools, passed the Senate on a 32-7 vote.

The House passed SB 1324, the state takeover bill, 64-34, but remember from yesterday’s post, the Senate put “the clause” on the bill.  If it is not funded in the final budget, it will not go into effect.

7 comments:

Best Globle Trend said...

Our unique service presents a contemporary travel alternative where you can toast and commemorate all your special occasions in a dolled up party bus. Transporting guests can be a source of great frustration at parties. Party Bus Rentals

Best Globle Trend said...

Our limos in Brampton are equipped with all luxury and comfort intertwined with style. They are splendid from outside and add value to your personality. Brampton Wedding Limo

Aron_ Seo said...

It is hard for any small business to prosper, especially through the struggles of a global economic depression. This problem is exacerbated where high start up costs and overhead expenditures are prominent, leaving many companies facing a constant struggle to maintain a healthy profit. These issues affect the limousine industry annually, due chiefly to the costs involved in ensuring that such a service is provided safely and efficiently. Toronto Limousines

Aron_ Seo said...

Same day courier service provision in the scheme of things is pretty new. Before the internet spread its net worldwide, back in the days before purchases were instant and electronic, we all accepted that ordering things was something that took time. First you had to order a brochure, then you browsed through it - finally, you rang the company up and waited on the phone for a few frustrating minutes at a time before placing the order. Looking back, it's hard to believe that we all possessed such a degree of patience. parcel delivery companies

Sharon Martin said...

Your article contain useful information regarding transport. Thanks for taking time to discuss in this matter. For any query regarding Heavy Equipment Transportation, visit GM International Freight Forwarders, Corp.

sumathi s said...

Your good knowledge and kindness in playing with all the pieces were very useful. I don’t know what I would have done if I had not encountered such a step like this.
fire and safety course in chennai

Swetha Gauri said...

Your very own commitment to getting the message throughout came to be rather powerful and have consistently enabled employees just like me to arrive at their desired goals.
nebosh course in chennai