House Appropriations panel advances bill shifting $2 billion into budget stabilization fund
The House Committee on Appropriations on April 30 reported House Bill 678 as amended, moving $2 billion from a revenue stabilization fund into the state's budget stabilization (rainy day) fund and adopting an amendment that changes how mineral revenues are handled.
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The House Committee on Appropriations on April 30 reported House Bill 678 as amended, a measure that would repeal a dedication of certain revenues to a revenue stabilization trust fund and transfer $2,000,000,000 into the state's budget stabilization fund, leaving the rainy day fund with roughly $3,000,000,000 — about 25% of the state general fund.
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