Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Staff outlines state savings: proposed transfer would push stabilization fund to statutory cap
Summary
Legislative staff reviewed the growth of the budget stabilization fund and the Public Education Stabilization Fund (PSIF). The governor recommends a $59 million transfer to the budget stabilization fund that would raise its balance to about $939 million and could hit the statutory cap of 15% of general fund revenues if projections hold.
Legislative staff briefed the committee on the state's major savings accounts and their role in buffering recessions.
Keith Bybee, Legislative Services Office, explained the governor's proposal includes a $59 million transfer to the budget stabilization fund, which would raise the fund from about $880 million to roughly $939 million. "That additional $59,000,000 represents a 6.7% increase from fiscal year 2025," Bybee said. He noted…
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
