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01-03-2024, 12:06 PM | #10 | |
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Join Date: Jun 2021
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Quote:
The SWEPT is currently unconstitutional... barring any changes... the State cannot collect it come June - doesn't matter if it is a budget year. The Legislature this year would need to change to collect and redistribute with donor community, or repeal/replace. There is not $500MM (my estimate based on the current collection of the SWEPT and using a less efficient taxing mechanism) for the Legislature to cut from the expenditure of the unrestricted funds - the budget already having been past. When it does the next budget... it may tweak the expenditure to recover the nearly $1 Billion for the two year cycle that budget will represent. It may ask the stay of the courts... but they are going to expect some action on the situation rather than just pushing it off and continuing an unconstitutional situation. |
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