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States Would Receive $20B in Fiscal Relief under Senate Bill
A bill that includes $20 billion for state fiscal relief was to be voted on by U.S. senators Thursday, according to the Federal Funds Information for States (FFIS), a joint subscription service of the National Governors' Association and the National Conference of State Legislatures.
Half of the $20 billion State Fiscal Relief Fund would come through an increase in the federal share of Medicaid. The remainder would be divided 60/40 between state and local governments if S. 1054, the Jobs and Growth Tax Relief Reconciliation Act of 2003, is enacted.
The $20 billion in fiscal relief, to be spread over fiscal years 2003-2004, could go toward education or job training, health care services, transportation or other infrastructure, law enforcement or public safety, and other essential government services.
Senate debate on the Jobs and Growth bill began Monday, May 12, after the House passed reconciliation legislation a week ago allowing for $550 billion in tax breaks. The Administration's request was for $726 billion. S. 1054 is available in its entirety at http://thomas.loc.gov/.