Key Legislation

NWMC Priority Issues

House Bill 308: POLICE & FIRE PENSION FINANCING Rep. Maurice A. West, II
Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040).
Status: Re-referred to the House Rules Committee (did not meet Legislative deadlines)

HB 4169/SB 3010: INCOME TAX-LOCAL GOVERNMENT DISTRIBUTIVE FUND (LGDF) Rep. Anthony DeLuca, Sen. Laura Murphy
Provides that an amount equal to the sum of (i) 8% of the net revenue realized from the tax imposed upon individuals, trusts, and estates and (ii) 9.11% of the net revenue realized from the tax imposed upon corporations shall be deposited into the Local Government Distributive Fund (currently, an amount equal to the sum of (i) 6.06% of the net revenue realized from the tax imposed upon individuals, trusts, and estates and (ii) 6.85% of the net revenue realized from the tax imposed upon corporations shall be deposited into the Local Government Distributive Fund). Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Distributive Fund are appropriated on a continuing basis.
Status: HB 4169 has been re-referred to the House Rules Committee, and SB 3010 has been re-referred to the Senate Assignments Committee. Restoration language could emerge through the budget process.