JBC moves $71.4M from multimodal options fund to general fund amid budget balancing; committee trims long-term transfer schedule
Facing budget pressure, the Joint Budget Committee on March 17 transferred $71.4 million of uncontracted awards from the Multimodal Options Fund back to the general fund and adjusted long-term transfer schedules to the state highway fund to help balance the FY 2025-26 budget.
The full story
The Joint Budget Committee on March 17 approved a series of budget-balancing changes affecting the Multimodal Options Fund (MMOF) and the Department of Transportation.
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