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Appropriations folds securities into insurance budget, adds attorney and salary equity funding; securities bill receives 'do not pass' recommendation

2983301 · April 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Appropriations Committee amended the Insurance Department budget (10‑10) to add one attorney, salary equity dollars and funding for the fire marshal and folded the Securities Department budget into the insurance appropriation; the committee recommended due pass on 10‑10 but recorded a do‑not‑pass on the standalone securities budget (10‑11).

The Senate Appropriations Committee voted to amend the Insurance Department’s budget to add personnel and salary equity funding and folded the Securities Department appropriation into the insurance account. Separately the committee recommended a do‑not‑pass on the standalone securities budget bill as written, reflecting that merger.

What the committee approved Senator Sickler, presenting the insurance budget, said the panel added one attorney FTE for the office, included $350,000 in salary‑equity funding to bring selected attorneys…

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