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Senate prepares its budget proposal

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By Jimmy Higdon

While we passed several important bills this week, my time was dominated with review of the House's proposal, House Bill 265, for the state's two-year budget. The plan will be roughly $9 billion per year or $18 billion total. In that, the Senate proposal carries about 6.58 percent authorized debt, which is lower than the House's proposal of 6.8 percent and even lower than the Governor's proposal of 7.1 percent. The Senate's budget puts more money into the rainy day fund and significantly lowers the state's structural imbalance.


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