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Budget adjustment presents $197 million for spending, leaves $87 million temporary reserve
Summary
Finance officials told the Senate Appropriations Committee that an emergency-board upgrade to revenue and year-end reversions produced about $197 million for the budget adjustment act, of which roughly $110 million is proposed for immediate use and about $87 million will be set aside in a temporary reserve for fiscal 2026.
Senate appropriators heard on Thursday that changes to revenue forecasts and year-end reversions have generated roughly $197 million to support a budget adjustment act and related actions.
Adam Gresham, Commissioner of Finance and Management, told the committee the emergency board “upgraded the fiscal 2025 forecast by about $184.5 million,” and that rounding together with roughly $19 million in reversions from the prior year produced the approximately $197 million available for reallocation.
The $197 million is not all being spent in the current adjustment. Gresham said about $110 million of that sum is being put to use in the proposal before the committee, and the balance — roughly $87 million — is being…
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