The next session begins on Sept. 15 and will cost taxpayers $15,000 each day.
In the past, Democrats, who control the Senate, and Republicans disagreed on how to best control growth, which has been one of the hottest issues in the state. Now, they appear more ready to compromise.
If they don't come up with some legislation, most observers expect environmentalists to place the issue on the ballot this November for the second year in a row. It's unlikely, however, they'd ask for a Constitutional Amendment again, say many experts, as that was considered a flawed approach and one of the main reasons that voters overwhelmingly voted against it last year.
This year, however, it's unlikely that developers, homebuilders and others will raise millions of dollars -- as they did last year -- to fight a ballot issue.
In fact, some commercial real estate brokers and real estate lawyers who were stridently and vocally against last year's Constitutional Amendment privately admitted to GlobeSt.com they might even vote in favor of legislation to address growth on the ballot this year, if legislators don't do their job and pass legislation.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
