MFP Committee Meeting on Monday, September 27th

The Management and Fiscal Policy (MFP) Committee, chaired by Councilmember Duchy Trachtenberg, met on Monday, September 27th at 10:30 am to discuss the following agenda items:

• Office of Legislative Oversight Report 2010-10: Fiscal Impact Statements for Legislation
• Expedited Bill 43-10, Administration – Legislative Branch – County Council – Fiscal Impact Statements
• Expedited Bill 47-10, Administration – Legislative Branch- County Council – Economic Impact Statements
• Expedited Bill 19-10, Taxes – Transportation Impact Tax- Amendments

Representatives of the Office of Legislative Oversight (OLO) provided a brief overview of their report on Fiscal Impact Statements for Legislation and answered questions on the report. Councilmember Trachtenberg raised the issue of providing electronic updates with respect to fiscal impact statements as is the practice in Kings County, Washington.

Following the OLO update, the MFP Committee discussed two bills directly related to the report. The bills discussed included Expedited Bill 43-10, Administration-Legislative Branch-County Council-Fiscal Impact Statements and Expedited Bill 47-10, Administration – Legislative Branch-County Council-Economic Impact Statements. Joseph Beach of the Office of Management and Budget provided information to the committee members. Both bills received MFP Committee approval with minor amendments.

The final MFP agenda item focused on Expedited Bill 19-10, Taxes-Transportation Impact Tax- Amendments. Members of the Department of Transportation and the development community presented testimony. The MFP Committee agreed with the following Council Staff recommendations:

1. Do not apply any limit to pre-2004 credits with respect to the phase-out of existing impact tax credits, and
2. Do not allow impact tax credits to be used for other transportation purposes such as Policy Area Mobility Review (PAMR).

Please contact Laurie Mintzer Edberg, Director of Management and Fiscal Policy, at 240-777-7948 (direct dial) or laurie.edberg@montgomerycountymd.gov with any questions regarding the PS/MFP session and /or the MFP session.