Date: 09/01/2010
Final
Staff Analysis Prop 101 Amendment 60 and 61
COMMITTEE ON LEGISLATIVE COUNCIL
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09:55 AM -- Staff Analysis Prop 101 Amendment 60 and 61
Mike Mauer, Director, Legislative Council Staff, gave an overview of the analyses for Proposition 101, Amendment 60, and Amendment 61. He talked about a revised version of Proposition 101. Mr. Mauer also shared that staff included a section that discusses the combined fiscal impacts of the three measures to assist voters in understanding the measures' effects on the state and local governments.
10:04 AM
Jason Schrock, Legislative Council Staff, presented the analysis of Proposition 101, concerning income, vehicle, and telecommunication taxes and fees. He reviewed the arguments for and against the measure.
10:11 AM
Todd Herreid, Legislative Council Staff, presented the analysis of Amendment 60, concerning property taxes. He reviewed the arguments for and against the measure. Representative Balmer asked about the voting rights issue and limited liability companies. Mr. Herreid responded and a discussion ensued regarding voting rights.
10:21 AM
Chris Ward, Legislative Council Staff, presented the analysis of Amendment 61, concerning limits on state and local government borrowing. He reviewed the arguments for and against the measure.
10:24 AM
Representative Balmer asked whether the measure differentiates between long-term borrowing and short-term borrowing for cash-flow purposes. Mr. Ward said there is no differentiation and that the measure uses a broad definition of borrowing. Representative Scanlan asked about the number of school districts that use zero percent borrowing and why that is not in the argument against. Mr. Ward explained that the treasurer has decided to not offer the program this year so that was left out of the analysis. Representative Ferrandino stated that the treasurer came before the Joint Budget Committee in June saying the program would not be offered because of Amendment 61. He explained that if the amendment passes, the treasurer cannot offer the program, but if the amendment fails, the treasurer will possibly offer the program again.