Special Session Comes to End

As anticipated, the special session came to end this afternoon with the passage of a $35.5 billion budget plan for FY 2013.  The budget plan, which includes increases in income tax rates, a phasing out of personal exemptions, and a shift of teacher pension costs to county governments, can be found in the Budget Reconciliation and Financing Act of 2012 and the State and Local Revenue and Financing Act of 2012. 

Summary information and fiscal notes can be found below.

Summary Report on the Budget Reconciliation and Financing Act and the State and Local Revenue and Financing Act and County Effects

Fiscal Note – Budget Reconciliation and Financing Act of 2012
Fiscal Note – State and Local Revenue and Financing Act of 2012

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