Second Legislative Funnel is Next Friday
Senate GOP Releases Budget Targets for FY22
The Legislature is beginning to debate late into the night as it moves bills through the process to ensure that they survive the next legislative deadline, known as a funnel, which takes place next Friday, April 2.
Following that date, policy bills must have passed through one chamber and through a committee in the other chamber in order to be eligible for the rest of the year. Appropriations and Ways & Means bills are not subject to this deadline.
The first sign that the end of the legislative session is in sight: Senate Republicans unveiled their budget targets for Fiscal Year 2022 this week. Under the targets, total spending for FY22 would be $7.999 billion, which is an increase of $195 million from FY21. That number comprises 94 percent of available revenue. The targets account for the elimination of the 2018 tax triggers, the phasing out of the inheritance tax and property tax relief. You can read more here.
A key bill that will play a significant role in budget negotiations and the eventual closing out of the legislative session is SSB 1253. The bill passed the Senate Ways & Means Committee today. Learn what the legislation does here.