New budget deal: Winners and losers
So who won, who lost, and where'd they find a spare quarter-billion dollars? Here's a quick overview.Posted — Updated
After a little quality time with the new budget plan and a calculator, here's what differences I've found between the new Senate plan and the last Senate plan:
As I posted earlier, the new budget deal's pricetag comes in at $19.68 billion - that's about $251 more than the last proposal.
The quarter-cent personal income tax cut went away - that's $55 M.
Less unapporpriated money left on the bottom line - that's $58 M.
They're suspending the corporate tax earmark for school construction - another $72 M back in the general fund
And they're putting about $96 million less into the bank - $18 million less to Savings Reserve, $78 million less to Repairs and Renovations.
That adds up to $281 million, which covers the added spending plus a few other money changes, including reinstating the tax deduction for severance wages ($16 M).
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