This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting.
Link to Full Meeting
The Senate Finance, Ways, and Means Committee convened on April 15, 2025, to discuss several key legislative items, including the controversial Senate Bill 69, which proposes allowing hunters to use bait on private land. The meeting began with a discussion on the motivations behind the bill, with proponents arguing that many hunters already engage in baiting indirectly through corn fields. The bill would require hunters to purchase a $50 permit, providing them with a legal option to bait while hunting. The committee ultimately voted on the bill, resulting in 8 votes in favor and 1 against, with 1 member present but not voting. The bill was recommended for passage to the calendar.
Following the vote, the committee shifted focus to Senate Bill 1430, which had been amended by the Finance Committee. David Thurman, the director of the budget office, addressed questions regarding the fiscal implications of the bill. Senator Hensley raised concerns about the projected costs associated with a proposed $1 billion loan, specifically questioning the estimated interest of $636 million. Thurman clarified that the fiscal note reflects the total cost over the life of the 20-year bond, which includes both principal and interest. He noted that the budgeting process uses a conservative estimate of 11% for planning purposes, although the actual interest rate may be lower once the bonds are sold.
The committee discussed the recurring budget implications, confirming that the first-year debt service payment is projected at $111 million, which will be budgeted annually until the bonds are issued. Thurman assured members that while the initial budget reflects this amount, the actual costs may be lower, and adjustments would be made in future budgets once the bonds are sold.
The meeting concluded with a commitment to further analyze the fiscal review's findings and address any remaining questions from committee members. Overall, the discussions highlighted significant legislative efforts regarding hunting regulations and fiscal management of state debt.
Converted from Senate Finance, Ways, and Means Committee Apr 15, 2025 meeting on April 15, 2025
Link to Full Meeting