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Up to the last week of the session, the governor ’s staff had insisted he would veto a <br />freeze, but rumor during the last days indicated that if presented with a freeze bill, he <br />would sign it <br />Municipal Bond Interest Taxation <br />The House Tax Committee chair Ann Rest pushed to have all state and local bond mterest <br />taxable for income purposes. But due to extreme municipal pressure, the issue wai. <br />dropped. <br />Beg for Your LGA/HACA <br />A House provision by Rep. Dawld.TS would have required metro area cities to prove they <br />tverc being efficient and attempting to provide services cooperatively with other units to <br />receive all of their U jA/HACA. This was turned into a statewide study by the Legislative <br />Commission on Planning and Fiscal Policy. <br />School Propv. iy Tax Constitutional Amendment <br />The House-passed bill to remove schools from the local property tax was not taken up by <br />the Senate. It does not indicate where funds might come from to replace local property <br />tax. About $2 billion of replacement funds w ould be needed and could come from <br />income, sales or a state-imposed property tax. Although the bill did not pass this year, it <br />may and probably will be reconsidered next year. <br />Municipal Tort Liability increase <br />An Increase to the current $200,000/$600,000 municipal liability limits was well in its way <br />to passage until it became embroiled in a political battle over joint and several liability <br />language. This issue will be back next year since the cunent limits have not been adjusted <br />in 10 years. <br />Gas Tax & Transit Funding <br />This was the year (supposedly) for a political agreement to increase the gas tax for <br />highway funding and to provide alternatives and increased funds for metro transit <br />initiatives. It did not happen. <br />The House would not budge until it got a signal from the governor for gas tax support <br />The signal did not come until the last week of the session and then it was weak at best. <br />The Senate would not do anything for transit until a gas tax increase was agreed upon. <br />A 1995 Policy Narrative