Tax Budget Talks Drag Closer to Fiscal New Year Deadline

Tax Budget Talks Drag Closer to Fiscal New Year Deadline

 

Tax Budget Talks Drag Closer to Fiscal New Year DeadlineBoth branches stand ready to gavel into formal session this week to pass through a $500 million tax bill and the annual $34 billion budget should compromises be reached by the two conference committees negotiating the bills in private. As of about 9 a.m. Monday no conference reports had been filed with the clerk’s offices. Lawmakers would need to file a report by 8 p.m. to put it into the calendar for the next day’s session.

The House and Senate both plan to meet in informal sessions on Monday, but have scheduled tentative formal sessions for the rest of the week in case conference reports emerge. The new fiscal year begins next Monday, but the Legislature has already approved an interim $4 billion budget to keep government running in case a budget deal is not in place by July 1.

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