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Finance commissioner outlines $197 million budget adjustment, cites Medicaid and education fund impacts
Summary
Commissioner Adam Gresham told the Ways & Means Committee a budget adjustment makes about $197 million available, proposes roughly $110 million in uses including Medicaid and a temporary reserve to be carried into fiscal 2026; education fund reversions and savings also factored into the plan.
Commissioner Adam Gresham, Commissioner of Finance and Management, told the Ways & Means Committee that a recent forecast upgrade and departmental reversions produced roughly $197,000,000 available for a budget adjustment and that the administration proposes about $110,000,000 in uses.
Gresham said the package is mostly “nuts and bolts” spending to cover cost pressures and noted healthcare-related programs account for the largest portion of the increase. “We had a large increase in our Medicaid program…that required roughly $78,000,000,” Gresham said, adding the state share of that increase is about $28,000,000.
The nut graf: the adjustment is intended to address higher-than-expected program costs this fiscal year (largely in Medicaid, the Choices for Care long-term services program and state employee health coverage) while reserving a substantial sum for use in fiscal 2026.
Gresham…
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