With fewer than 14 days left in this legislative session, Governor Pete Ricketts says more work needs to be done to achieve property tax reforms.
“The only way we can have sustainable tax relief is by controlling spending, and in those bills, we have some elements of those things that will help control spending, so there are steps taken on this,” Ricketts told reporters during a news conference. “Anything we do this year won’t prevent us from continuing to work on this in the future. This is about making progress this year.”
Ricketts says he has talked with Speaker Galen Hadley about making time for full senate debate on the two bills.
“We have some more work left to do, but it’s absolutely my number one priority,” Ricketts says.
State Senators on the Revenue Committee will get public input Thursday at 2 p.m. on a property tax relief bill dealing with local government spending and agricultural land values.
“If we take the Property Tax Credit Relief Fund and move it from 75% to 100% on the valuation, that will direct more of those dollars to our ag taxpayers, and where’s that money going to come from? We’re just going to have to budget for that, so we’re just going to have to manage the budget to accommodate for that,” Ricketts says.
The tax reform bill related to school funding, budgets and tax levies that Ricketts is backing already received approval from the Education Committee.