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House finance panel presents $16.27 billion biennial budget; general fund is small share of total
Summary
The House finance committee outlined a $16.267 billion total budget, with roughly 24% sourced from the general fund and federal funds providing about one-third of revenues; members said the plan required cuts and fee increases to close an expected shortfall.
The House Finance Committee presented a proposed $16,267,016,000 biennial budget that committee members said balances priorities while responding to a revenue shortfall.
Committee leaders told members the total-budget figure is roughly $16.27 billion, down from the governor’s $16.7 billion starting point. They said federal funding accounts for about one-third of the total budget while the general fund represents approximately 24% of revenues; health and human services and education remain the largest program categories.
Committee membe…
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