Transcript Highlights:

• , not total revenue from that well, but incremental.
• Revenue and incremental, not total revenue from that well, but incremental, on the production tax side
• , such as oil and gas revenue being a big one of that.
• tax revenue.
• of all of the tax revenue generated in the state.

Summary: The committee met to receive updates from the Tax Commissioner’s office on property tax relief programs and related compliance work. Commissioner Brian Croshys reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting that the Homestead program expanded significantly after HB 1158, that some households are “adjusting out” of eligibility as incomes rise, and that the committee may want to consider indexing income thresholds. Members asked for additional data on bracket breakdowns, possible costs of eliminating income limits for seniors, and how many households are zeroed out by the combined programs. Croshys also discussed the simpler administration of the disabled veteran credit, the growth in participation, and the heavy workload and auditing safeguards built into the new primary residence credit system. He said the department found no material compliance findings and that the program is designed to be digital-first, with county auditors and the Tax Commissioner’s office both involved in review and notification. The committee recessed for lunch and later reconvened, with the chair noting that more detailed PRC information would likely be available at a September meeting. Shelly Myers then presented the statewide property tax increase, or “zero growth,” report and the 2025 statistical report. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and which jurisdictions showed the largest percentage changes in countywide, citywide, school district, and park district levies. In the statistical report, she summarized recent trends in assessed values: agricultural values remained relatively flat, while residential, commercial, and centrally assessed property values increased over the past five years. She also reviewed statewide tax levies by property class and clarified that centrally assessed growth figures were annual averages. Members discussed how shifts in land use and annexation can make it appear that tax burdens are moving from ag to residential/commercial property. Myers then summarized the interim study on the 3% levy limitation under HB 1176, saying most counties complied without budget changes, while some used hiring freezes, deferred purchases, or reserve funds; 23% of counties had to reduce levies, and the affected funds were mainly general, road and bridge, and weed control. She said 12 counties reported zero new growth in the data and that 35 counties reported not using all of their cap. The committee also received an oil tax presentation from Croshys on the stripper well extraction tax exemption. He outlined the number of active stripper wells, the production and revenue implications of the exemption, and projections for future biennia under different tax scenarios. He said the exemption represents substantial savings to operators but also corresponds to production tax revenue that would otherwise be collected, and he emphasized that future outcomes depend on oil prices, well counts, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly answered a question about why Red River wells have a different production threshold than Bakken wells, explaining it was tied to completion costs and lateral length. The committee then heard from Charlie Gorecki of the EERC, who presented an analysis of typical Bakken well decline curves and argued that most oil is produced before a well reaches stripper status, but that keeping wells open and investing in refracturing or other interventions can recover additional production. No votes were taken during this portion of the meeting; the main actions were receiving reports, asking for follow-up data, and scheduling further discussion for a later meeting.

Transcript Highlights:

• So what is the revenue impact of the bill, and what is your estimate of the revenue loss to the state
• I think one of the key elements to this is that we are looking at tax revenue that is generated by the
• I think one of the key elements to this is that we are looking at tax revenue that is generated by the
• would go up, but in our case, revenues would go up, but in our case, marketing<00:31:31.840> is
• marketing is going down, but revenues marketing is going down, but revenues are<00:31:33.360>

Keywords: 912, senate, all

Summary: The committee heard testimony on a series of economic development, tourism, and tax measures. SB 2411 drew broad support from the Department of Business, Economic Development and Tourism, the University of Hawaiʻi, the Chamber of Commerce, and Retail Merchants, with one technical amendment suggested to change a partnership term from six to seven years. Members asked about implementation and annual costs, and the department said it would follow up with cost information. HB 2583 HD1, relating to economic development and a loan loss program, also received support, but DBED noted the state already has the CBED loan program and suggested the proposal could be placed under that existing framework rather than creating a new program. HB 1612, based on business revitalization task force recommendations, was supported by DBED and several business and advocacy groups, including the Small Business Regulatory Review Board and Grassroot Institute. Testimony emphasized improving Hawaii’s business climate and using a ranking/reporting tool to measure progress, while one senator questioned whether the bill would simply fund another study instead of direct improvements. HB 1613, relating to HTDC, was supported by HTDC, the Chamber of Commerce, and startup and industry representatives who said a permanent marketing/branding specialist would help attract tech talent, founders, and investors; a member asked why the position was not in the budget, and HTDC said federal NIST funding uncertainty affected the request. HB 1614, also on economic development, was supported by HTDC and business groups, and members discussed whether the state was missing federal funds due to lack of matching dollars; HTDC said it was difficult to know, but matching funds could help leverage more federal grants. The committee then took up HB 2590 on taxation for creative industries. The Motion Picture Association and Hawaii Film Alliance strongly supported the bill, saying it would correct GET treatment for payroll service companies, restore motion picture and TV production as manufacturing, and repeal a 2022 provision affecting qualified expenses; the Department of Taxation said it would provide revenue-impact information later. Finally, HB 1950 HD1 on the transient accommodations tax drew strong support from DBED, HTA, the Hawaii Visitors and Convention Bureau, hotel and resort groups, and others, who argued for a dedicated tourism marketing fund and said the state needs more stable, long-term marketing investment. The Tax Foundation opposed the special fund approach, arguing it would reduce legislative flexibility. Members pressed witnesses on the appropriate percentage for the fund, with HTA suggesting 10% to 12% of TAT collections, and the discussion focused on how marketing spending relates to visitor spending, tax revenue, and long-term tourism competitiveness.

Transcript Highlights:

• Direct tax revenue, new tax revenue because of these projects, and this isn't the ancillary benefit;
• this is direct new tax revenue over 10 years.
• I'd like to start with a quick reminder to everyone in terms of revenue, Mr.
• recommendation is $237,000 less general fund revenue than the executive.
• In the other revenue and that is generated from local government investment pool funds in the other revenue

Keywords: 996, all

Transcript Highlights:

• account that is going to be dedicated to victim services funding, that different sources of revenue
• I think it is a starting place, and we are certainly open for more suggestions of what kinds of revenue
• <00:02:35.599> account<00:02:36.280> that alternative special revenue account that
• alternative special revenue account that is<00:02:36.519> going<00:02:36.720> to<00:02:
• could be placed in that account Revenue could be placed in that account um<00:02:54.720> and<

Keywords: 1183, house

Transcript Highlights:

• starting to see some revenue come in. starting to see some revenue come in.
• JAC gave the forecasted revenues.
• This is lower than anticipated revenue due to property tax reductions and changes in Craig's revenue
• Craig's revenue forecast. Craig's revenue forecast.
• you choose the PDF for revenue you choose the PDF for revenue flowcharts.

Keywords: 916, all

Transcript Highlights:

• We all know California does not have a revenue problem...
• While California has benefited from strong revenue growth in recent years, those revenues alone have
• Our revenue... Thank you very much, Mr. Speaker.
• I rise to present SB 122, our revenue trailer bill.
• We have record revenue. I mean, to any normal person... We have record revenue?

Keywords: 988, house, all

Summary: The Assembly convened, established a quorum after a roll call, observed a moment of silence for the fatal B-52 crash at Edwards Air Force Base, and proceeded with routine procedural business, including re-referrals of numerous Senate bills to different committees and several rule suspensions to allow bills to be heard or moved. Assembly Member DeMaio attempted to amend and then return AB 109 to the Senate to add health care premium reductions, but the motions were ruled out of order and his request to suspend the rules failed on a 13-45 vote. The main floor action was on AB 109, the 2026-27 state budget. Assembly Member Gabriel presented the budget as balancing fiscal responsibility with protections for health care, schools, housing, wildfire prevention, and the safety net, while opponents argued it raised costs, underfunded education and public safety, and relied on gimmicks. Supporters emphasized investments in hospitals, Medi-Cal, IHSS, child care, food banks, housing, and reserves, and repeatedly defended the budget’s approach to Proposition 36 funding and prison closures. After extensive debate, the Assembly voted to concur in the Senate amendments to AB 109, and the bill was immediately transmitted to the Governor. Later, the Assembly took up SCR 89 on diversity, equity, and inclusion. Members from several caucuses spoke in support, arguing DEI is central to equal opportunity, civil rights, and California’s identity, and warning against federal efforts to roll back such programs. Assembly Member DeMaio spoke in opposition, saying DEI treats people differently based on immutable characteristics. The transcript ends during that debate, with the resolution still under consideration.

Transcript Highlights:

• According to the Department of Revenue, 88% of all taxpayers in Arizona use the standard deduction.
• That will reduce our revenues significantly to provide tax cuts to the wealthiest and corporations.
• Revenue Code deductions. Mr. Majority Leader, please make the motion to substitute. Thank you, Mr.
• So we're talking about additionally hundreds of millions of dollars of lost revenue to the state, by
• She runs the Department of Administration, the Department of Revenue, every other department.

Keywords: 1182, all

Summary: The Senate opened with prayers, the Pledge of Allegiance, a journal approval, and a series of guest introductions recognizing groups at the Capitol for Environmental Day, Women’s and Reproductive Health Day, Arizona Nurses Day, Aerospace Day, and International Mother Language Day, along with a Doctor of the Day and a judicial proclamation honoring Justice Daphne Barak-Erez. The chamber also made temporary committee appointments and referred several bills between committees before moving into Committee of the Whole and later third reading votes. The main floor action centered on several SNAP-related bills. SB 1002, dealing with public assistance verification, passed the Committee of the Whole after a Kavanagh floor amendment and then passed third reading 17-9-13, with supporters saying it targets fraud and lowers error rates and opponents arguing it duplicates existing checks, adds bureaucracy, and could harm eligible families. SB 1331, on SNAP military employment and training, SB 1333, on SNAP error-rate audit and penalties, SB 1334, on SNAP work requirement waivers and exemptions, and SB 1368, on SNAP purchase restrictions, all advanced from Committee of the Whole and then passed third reading by the same 17-13 margin, with Democrats and some others warning they would increase hunger, burden rural and tribal communities, and restrict access, while supporters said they promote work, accountability, and healthier choices. The Senate also considered SB 1638, a tax conformity bill. A Sundareshan floor amendment to narrow the bill to standard deduction conformity was debated at length, with supporters saying it would protect most taxpayers from filing confusion and limit revenue loss, and opponents arguing it removed other agreed-upon tax provisions and still left uncertainty. The amendment failed 17-13, the Finance Committee amendment was adopted, and SB 1638 then passed as amended. Finally, SCR 1011, a concurrent resolution calling for a federal constitutional convention on congressional term limits, received a do pass recommendation and passed the Committee of the Whole.

Transcript Highlights:

• We have heard these bills with the hopes that we would have a bill that would generate the revenue for
• We have heard these bills with the hopes that we would have a bill that would generate the revenue for
• Some of the counties we serve, like Rio Arriba, received the lion's share of their revenues from the
• A dip in revenues by any small percent would mean the loss of county operations.
• Offsets may provide a brand new revenue stream as large source, Offsets.

Bills: SB12, SB36, SB92, SB120, SB133, SB151, SB18, SB96

Keywords: tax credit, physician, healthcare, income tax, rural health, quantum technology, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, journalism, local news

Transcript Highlights:

• As we think about how those revenue sources are put together, we think about Child Care Assistance and
• The 14 million that you see LFC above in other transfers is revenue that the LFC put in from the land
• Those numbers don't match because we did some other revenue swaps. Thank you, Mr. Chairman.
• In revenue. So I think that we want to emphasize these are voluntary programs.
• And so, by supporting our child care Programs with these better revenues and these rates.

Bills: SB2

Keywords: SB 2, State Highway Project Bonds, highway funding, transportation bonds, state road fund, motor vehicle fees, vehicle registration fees, electric vehicle fee, EV surcharge, plug-in hybrid fee, weight distance tax, road construction, infrastructure financing, Department of Transportation, State Transportation Commission, bonding authority, county road funds, municipal road funds, transportation improvement program, state highways

Transcript Highlights:

• The LFC puts a little bit more using a different fund, a different revenue source.
• We have a very small federal revenue difference, only $200,000, and that's some assumptions that the
• The guidelines for LFC, you know, reflected... lower revenues that were coming into the state that we
• It's over 563 million a year that the state is losing in revenue.
• It's excess school oil and gas tax revenue, that's what it is, and excess federal mineral leasing.

Bills: SB2

Transcript Highlights:

• Growth rate of our revenues.
• BART was one of the few transit systems in the country that generated more than half of its revenues
• Of dollars in revenue every single year, and yet they still get tax breaks and are not appropriately
• You take a set of factors, which is, of course, how much revenue we have.
• California is deeply disappointed that this new budget is balanced on cuts and not on new revenue.

Keywords: 988, house, all

Transcript Highlights:

• Assembly Bill 539 by the Assembly, Assembly Bill 539, by the Assembly Committee on Revenue, authorizes
• Members of the Senate Revenue Committee, we're going to go in at 5:30. Thanks, stay tuned.
• It'll be after revenue. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.
• President, your Committee on Revenue and Economic Development, to which were referred Assembly Bills
• of the total revenue each month beginning in fiscal year 2030.

Keywords: 909, all

Transcript Highlights:

• Calls to backfill lost federal revenue, but we want to help educate you throughout the interim on what
• So, overview, go through the federal budget, revenue and spending, which to me, hugely problematic as
• As of Friday, I was looking at 11 to 13% cuts to federal revenue.
• Um, but there's a range of other revenue sources that are used to match the federal funds.
• Chairman and Charles, what was the total revenue?

Transcript Highlights:

• And a royalty compliance auditor on revenue processing.
• They're going to be dwarfed if you look at the revenue overall from oil and gas.
• They're all basically revenue that that we take a percentage of money that we're earning.
• My name is Noam Montaño, and I'm the LFC Analyst for the Taxation and Revenue Department.
• Joining me is the Secretary of the Taxation and Revenue Department.

Keywords: 996, all

Transcript Highlights:

• The Committee on Revenue and Taxation will come to order. Good morning.
• Today, the solar industry is ready to start paying taxes, and the counties will start receiving revenue
• Our 2020 Our 2022 estimates predicted billions of dollars in property tax revenues, and those would be
• A loss of revenue would be a problem, and so we're open to working.
• I understand the opposition has its concerns, but these are new revenues.

Keywords: 987, senate, all

Summary: The Revenue and Taxation Committee heard a long agenda of tax and housing measures, beginning with SB 1329 on solar property tax assessment. The author and solar industry witnesses argued the bill would create a uniform, predictable statewide method as the current solar property tax exclusion sunsets, while county assessors and local county representatives opposed it as a departure from market-based valuation that would reduce assessed values and local revenue. The committee also heard SB 1406, which would target the so-called Montana loophole used to avoid California vehicle taxes and fees; it drew support from CTA and no formal opposition. Both bills were moved to Appropriations and placed on call after committee votes. The consent calendar was also adopted and placed on call. The committee then took up several tax relief and wildfire-related measures. SB 984 would conform California law to the federal tipped-income deduction; restaurant, taxpayer, and enrolled agent representatives supported it, and the committee approved it 3-0 to Appropriations, on call. SB 1084 would create a fire-safe home tax credit for home hardening and defensible space improvements; supporters included the Town of Truckee and the California Association of Realtors, while members raised questions about cost and interaction with Prop. 98, and the bill passed 3-0 to Appropriations, on call. SB 1118 would provide a tax credit for backup generators or solar battery systems in high fire-threat areas; the author and supporters framed it as a resilience measure, but committee members questioned the use of taxpayer funds, diesel generators, and the benefit relative to cost. The bill was not advanced in the portion of the transcript provided. Later, the committee heard SB 1249, a narrowly targeted senior deduction for taxpayers ages 86 to 90, supported by LeadingAge California and the California Senior Legislature; it passed 4-0 to Appropriations, on call. SB 1424 would extend a partial sales and use tax exemption to zero-emission vehicle refueling equipment, including charging and hydrogen stations; it received support from hydrogen and electric transportation groups and passed 4-0 to Appropriations, on call. SB 1113 would conform California tax law to the federal tonnage tax regime for U.S.-flag international shipping companies; maritime industry witnesses supported it as a competitiveness and national security measure, while ILWU opposed it over the estimated general fund impact, and the bill passed 4-0 to Appropriations, on call. SB 1137 would expand the medical expense deduction for lower-income taxpayers, and SB 1415 would extend a partial welfare property tax exemption to mixed-income housing; both were presented with support from advocacy and local government witnesses, with assessors and housing stakeholders seeking amendments on SB 1415. The transcript ends before final action on SB 1415 is completed.

Transcript Highlights:

• It's actually the largest general revenue swath in the budget, for a fun fact.
• Within the Department of Revenue, are the needed repairs at the not building that we love so much.
• Within the Department of Revenue, there's $75.2 million for payments to fiscally constrained counties
• In the back of the bill, there is $691 million from the general revenue fund that reverts back.
• million from the general revenue fund that reverts back to the EASE program.

Summary: The Senate took up the 2026-2027 budget package, beginning with an overview of the $115 billion General Appropriations Bill (SB 2500/HB 500). Appropriations Chair Hooper said the budget is smaller than last year’s, maintains strong reserves, and includes a 3% pay raise for all state employees and 5% raises for state law enforcement, firefighters, correctional officers, and park rangers. Committee chairs then highlighted major spending in their areas, including $34.9 billion for Pre-K-12 education, $11.9 billion for higher education, a $2.1 billion-plus increase in health and human services, $7.9 billion for criminal and civil justice, $16.8 billion for transportation/tourism/economic development, and major environmental and regulatory investments such as Everglades restoration, water quality, and land acquisition. Members asked detailed questions about several items. Topics included the Emergency Management Trust Fund, arts and cultural grants, Florida Forever land acquisition versus conservation easements, teacher salaries and charter school funding, New College funding, ADAP/HIV drug assistance, Medicaid rate reductions for non-critical access hospitals, DOC operational deficits and inmate health/food costs, judicial staffing, and school enrollment supplements. Chairs explained that some reductions reflected shifts in how scholarship and categorical funds are tracked, that the ADAP appropriation would take effect immediately upon enactment but would only cover part of the year, and that hospital reductions were tied to a broader DPP funding increase. Questions also covered lottery staffing, concealed carry licensing workload, and whether vacant positions were being eliminated as part of budget right-sizing. After the budget discussion, the Senate substituted House bills for the Senate budget bills and adopted amendments placing the Senate language onto the House vehicles. The chamber then passed HB 500, HB 503, and HB 5201, and agreed to conference on each. It also passed SB 7028/HB 5205 on retirement, SB 2506 on fuel taxes, SB 2508 on the state agency law enforcement radio system, SB 2510/HB 5401 on court trust funds, SB 2512 on judgeships, SB 2514 on K-12 education, SB 2516 on higher education, and SB 2518 on health, with each bill passing by unanimous or near-unanimous votes and then being sent to conference or requested of the House for concurrence.

Transcript Highlights:

• The public hearing of the Joint Committee on Revenue is now officially convened. Welcome, everyone.
• The public hearing of the Joint Committee on Revenue is now officially convened. Welcome, everyone.
• These bills would direct the Department of Revenue to lead a coordinated multilingual outreach campaign
• These bills would direct the Department of Revenue to lead a coordinated multilingual outreach campaign
• Thank you, Rachel, and thank you as well to the Revenue Committee for allowing us the opportunity to

Keywords: 995, all

Summary: The Joint Committee on Revenue held a public hearing focused largely on tax-credit proposals tied to children, families, caregivers, child care, health care workforce development, and public health. A major portion of the hearing concerned bills to expand the state earned income tax credit and child and family tax credit, including H. 3073/S. 1957 and S. 1975. Testimony from advocacy groups, legal services, tax assistance organizations, and health providers supported increasing the EITC match from 40% to 50% of the federal credit, expanding eligibility to immigrant and mixed-status ITIN filers, larger families, younger and older workers, and SSI recipients, and raising the child and family tax credit to $600 per child with inflation adjustments and possible advance payments. Witnesses said these changes would reduce poverty, improve health and educational outcomes, and help families meet basic expenses; committee members asked questions about ITIN filers and expressed support for the policy goals. The committee also heard extensive testimony on S. 1938/H. 3159, An Act Supporting Family Caregivers. Speakers described the scale of unpaid caregiving in Massachusetts and supported a package that would create a refundable tax credit, respite vouchers, workplace and housing protections, unemployment insurance access for those who leave work to care for relatives, a permanent advisory council, and a provision allowing spouses to be paid caregivers under MassHealth. Several witnesses shared personal caregiving experiences, and committee members responded favorably, noting the emotional and financial strain on caregivers and the importance of supporting them as Medicaid and long-term care systems face pressure. Additional bills discussed included H. 3174 on a child and dependent care tax credit, which was presented as a way to offset the high cost of child care; H. 3197/S. 2019 to improve the financial security of family child care providers through a tax credit; H. 3218/S. 1960 to create tax credits for health care preceptors to address workforce shortages; S. 2064 to establish a living organ donor tax credit; S. 2034 to promote healthy alternatives to sugary drinks through a tiered tax; H. 3015 to create a tax-return checkoff for the YMCA Youth and Government Program; and several public testimony ideas including vaccination, literacy, and grade-improvement tax credits. No votes or formal committee actions were taken during the hearing, which ended after all testimony was heard.

Transcript Highlights:

• First up, we have House Bill 604, relating to tax revenue beginning on January 1, 2026.
• The increased revenue goes into the Hawaiian Home General Loan Fund established under the Hawaiian Homes
• that would help us consistent Revenue that would help us fund<00:11:29.720> the<00:11:29.920>
• First up, we have House Bill 604, relating to tax revenues beginning on January 1, 2026.
• Point deposit the increased revenues Point deposit the increased revenues into<00:16:07.680>

Keywords: 910, house, all

Summary: The joint hearing of the House Committees on Tourism, Housing, and Economic Development and Technology began with House Bill 604, which would raise the transient accommodations tax by 1 percentage point starting January 1, 2026 and direct the revenue to the Hawaiian Homes General Loan Fund. The Department of Hawaiian Home Lands supported the bill as a source of consistent funding, while the Grassroots Institute of Hawaii and the Tax Foundation of Hawaii opposed it, warning that Hawaii already has very high tourism taxes and that further increases could hurt visitors, workers, and the broader economy. The committees later voted to pass HB 604 with amendments as an HD1 and to defer the date; the vote was adopted, with one member noted as having reservations in the housing committee vote and one no vote in that committee. The committees then heard House Bill 973, which would require transient accommodations brokers and others to display all resort fees, taxes, and government-imposed charges upfront in advertised prices and would establish penalties. The Office of Consumer Protection expressed concerns about the bill’s intent requirement and noted a forthcoming federal FTC rule on junk fees; the Hawaii Hotel Alliance strongly supported the measure as promoting transparency and uniformity, and a public witness also supported price transparency while questioning the size of the penalties. After questions about federal rescission of the FTC rule and enforcement authority, the committees voted to pass HB 973 with amendments as an HD1, including removal of the intent requirement and technical changes, and the recommendation was adopted unanimously. House Bill 594, relating to hotel service disruptions, would require hotel keepers to give notice of disruptions to guests and third-party vendors and allow damages. The Attorney General’s office recommended amendments to add a purpose section and savings clause to address First Amendment and contract clause issues, and Unite Here Local 5 supported the bill, saying guests are not always notified of disruptions and that the measure would improve transparency; the union agreed with the legal amendments. The committees voted to pass HB 594 with amendments as an HD1 and to defer the date, adopting the recommendation. The final measures were House Bill 448 and House Bill 449, both related to technology enablement and economic development for small businesses, including tourism-related businesses. HTDC strongly supported both bills but emphasized that technology should be targeted to the actual problem and coordinated with sister agencies rather than applied broadly; the Hawaii Food Industry Association and Chamber of Commerce also supported HB 448, and HB 449 received support from HTDC and HFIA. The committees adopted amendments to HB 448, including moving a $250,000 appropriation to the committee report, and to HB 449, including deleting duplicative language tied to HB 448 and moving a $500,000 appropriation to the committee report; both bills were passed as HD1s with deferred dates, and the hearing adjourned after the votes were adopted.

Transcript Highlights:

• My intention was to not cut out uh revenue, tax revenue, but also potentially markup revenue.
• My intention was to not cut out uh revenue, tax revenue, but also potentially markup revenue.
• My intention was to not cut out uh revenue, tax revenue, but also potentially markup revenue.
• Um, revenue.
• that would be a $4 million revenue loss. that would be a $4 million revenue loss.

Keywords: 1189, house, all

Transcript Highlights:

• And that limits property tax revenue growth, not expenditure.
• Where, where do you think you would all stand with, with debt to general revenue?
• None of that revenue leaves the airport boundaries.
• School property tax revenue declined by 10.1% due to the state's reforms.
• However, City and county revenues grew by 10.4 and 10.8% respectively.