Senate Finance chair Steve Ogden says that Senate leaders are considering naming a subcommittee of Finance to review tax exemptions.
“In order to get to 21 votes, I’ve got to look at everything – including cuts, using the Rainy Day Fund and finding non-tax revenue,” he said today. “”Before it’s all over, I suspect it (the state’s next biennial spending plan) will be a combination of the three.”
Ogden said that, if named, the subcommittee will “systematically look at all these issues that cost us revenue” to find ways to “raise revenue that are not (new) taxes.”
For example, Ogden cited school property tax exemptions for which the state reimburses school districts. “If we decided not to give those breaks, that’s not a tax increase.”