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Conference committee sets contingency structure for federal fund reductions, defines JFC and governor triggers
Summary
Members of the conference committee working on the FY26 budget described and approved a contingency framework on May 9 to guide executive and legislative action if federal funds fall short, and proposed a one‑time pension transfer to meet actuarial requirements.
Members of the conference committee working on the FY26 budget described a contingency framework on May 9 to guide action if federal funds are reduced, and discussed several year‑end budget adjustments including a one‑time pension transfer.
The committee outlined a tiered response: the governor would have authority to act for small reductions, the Joint Fiscal Committee (JFC) would take the lead for midrange reductions, and the legislature would act for the largest shortfalls. Staff described numeric triggers and contingency set‑asides to cover potential federal funding losses.
Staff member, who walked the committee through the spreadsheet, said the governor can act for changes under 0.5% of…
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