The legislature is contributing $200 million a year until 2020 to a transportation fund.
Both budget proposals increase school funding by three-percent over the next two years, and accelerate the planned phaseout of the inheritance tax.
Though the governor says he won’t back down from his call for a ten percent income tax cut, there was a hint of compromise Wednesday.
The Senate Appropriations Committee got its first official look at the budget bill Thursday.
The Senate Education Committee has voted to restore the lower in-state rate for students who were already enrolled in state universities.
State Sen. Jim Banks introduced six bills that he says will reduce student's college tuition while holding universities accountable for the funds they receive.
The state collected $22 million more in revenue than expected in December.
Despite forecasts showing modest growth each of the next two years, the Republicans who control the state's coffers say they're staying cautious.
The governor-elect's proposal banks on 2.5-percent revenue increases in the next two years and on spending 1.5-percent more in the next state budget.
Kenley has been the state’s leader on pushing for greater collection of online sales taxes.