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Financial Modernization & Risk Analysis Study (MARA)

As of March 13, all legislative committee meetings are postponed for at least one month.  Please check back for further updates.

 

Jan. 16, 2020
Video
Minutes

 

LEGISLATIVE MEMBERS               NON-LEGISLATIVE MEMBERS

Rep. Nancy Ballance                      Mark Haggerty, Headwaters Institute
Rep. Mary Caferro                           Jason Smith, Governor's Office of Indian Affairs
Rep. Jim Hamilton                          Sarah Swanson, businesswoman
Rep. Llew Jones                               Myles Watts, retired MSU economics professor
Rep. Bill Mercer
Rep. Marilyn Ryan

The MARA committee is authorized by HB 715, Section 5:

(1) A committee of members of the legislative finance committee and appointed members shall study the long-term future budget and revenue needs with changing economics and demographics.

(2) The study must be conducted by a bipartisan committee consisting of the following: (a) six members of the legislative finance committee, with three members appointed by the chair and three members appointed by the vice chair; and (b) four members with two appointed by the chair and vice chair of the committee.

(3) The legislative fiscal division shall provide administrative staff support and fiscal analysis. The legislative services division may provide research and legal support at the request of the committee.

(4) Subject to direction provided by the committee, the study shall include but is not limited to: (a) identifying structural revenue challenges with economic, demographic, and geographical variability considerations; (b) exploring revenue sufficiency for long-term potential expenditures, including but not limited to the following: (i) health care costs, consumption, and funding; (ii) K-12 inflationary increases; (iii) higher education; (iv) pensions; (v) state infrastructure; (vi) natural resource revenue funded programs; and (vii) local government spending including infrastructure; and (c) proposing potential solutions and possible legislation for consideration by the 2021 legislature.

 
Amy Carlson

AMY CARLSON
Legislative Fiscal Analyst &
Division Director
406-444-2986