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Committee recommends $6.34 million transfer from legislative cash fund to general fund
Summary
The Executive Committee recommended that the Joint Budget Committee include a $6,338,640 transfer from the legislative department cash fund to the general fund, an increase of $2 million from the committee's previous recommendation; the motion passed unanimously.
The Executive Committee recommended that the Joint Budget Committee include a $6,338,640 transfer from the legislative department cash fund to the general fund in the long bill package, an increase of $2,000,000 from the committee’s prior recommendation. The motion passed unanimously on roll call.
The motion was presented after staff and members reviewed prior transfers and how they were effectuated through the long bill and JBC processes. "The legislative department, remember, we are a separate branch. We do not have any emergency reserves," a committee member said, noting that a 15% emergency reserve would equate to roughly $11 million for the department. Members cited recent and anticipated construction and furniture costs as reasons to maintain a prudent cash balance.
Committee members discussed available cash balances and possible future transfers; one member noted furniture bids have come in around $1,200,000, which is lower than previously budgeted. Several members said additional transfers could be considered later in the session if needed. The committee clarified that the recommended transfer would be implemented through the Joint Budget Committee and the long bill.
Votes at a glance: The motion recommending the transfer passed unanimously on roll call.
