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Estimated Two-year Net Impact to General Revenue Related Funds for SB239, Committee Report 1st House, Substituted: a negative impact of ($2,975,000) through the biennium ending August 31, 2017.
No fiscal impact to local government.
SB 239 was amended with minor changes that do not affect our vote recommendation. We oppose SB 239 in the second chamber. The second chamber sponsor is Representative Zerwas and Representative Coleman.
First chamber recommendation:
While student loans from education can be crippling, the solution is not to fund additional loan repayment with taxpayer money. SB 239 abridges the principles of the free market and limited government. First, the bill negatively impacts a free market because if there is a need for professionals in a certain area, then the market forces and the ability to profit will be a natural incentive for professionals to practice there. There is no need for artificial incentives from government. The principle of limited government is negatively impacted because the bill increases spending in additional to expanding government intervention in education. For these reasons, we oppose SB 239.