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Financial Modernization & Risk Analysis Study

Next meeting: 8 a.m., Jan. 16, 2020, State Capitol Room 317


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.

Rep. Nancy Ballance
Rep. Mary Caferro
Rep. Jim Hamilton
Rep. Llew Jones
Rep. Bill Mercer
Rep. Marilyn Ryan

Mark Haggerty
Jason Smith
Sarah Swanson
Myles Watts



Amy Carlson

Legislative Fiscal Analyst &
Division Director