Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Department of Financial Regulation lowers projected year‑end transfer after weaker securities and appointment fees
Summary
Acting Commissioner Sandy Bigglestone told the Senate Appropriations Committee Tuesday that the Department of Financial Regulation has downgraded its projected year‑end special‑fund transfer to the general fund.
Acting Commissioner Sandy Bigglestone told the Senate Appropriations Committee Tuesday that the Department of Financial Regulation (DFR) had reduced its projection of year‑end special‑fund transfers to the general fund.
The department originally projected a larger “direct app” transfer; Bigglestone said the estimate has been downgraded by roughly $340,000 because of three factors: a bookkeeping correction, a shortfall in securities‑related revenue and lower insurance appointment fees.
“The first is that we made an adjustment or a correction rather, with a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
