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Staff details cash reconciliation, proposed transfers including $62.8M bond‑levy closeout and $60M fire fund boost
Summary
Legislative staff reviewed the cash‑reconciliation report, outlined proposed transfers in the governor's recommendation (including a $62.8 million bond-levy equalization closeout and a $60 million transfer to fire suppression), and explained executive carry‑forward and reappropriation mechanics.
Keith Bybee of the Legislative Services Office walked committee members through the cash‑reconciliation tables in the legislative budget book, describing how the FY2025 and FY2026 reconciliations move from total cash on hand and projected revenues to transfers, appropriations, and projected ending cash balances.
Bybee explained two mechanics that affect available cash: reappropriation (legislative authorization to spend money appropriated in a prior fiscal year but not yet spent) and executive carry‑forward (administrative authority to carry obligations from one fiscal year…
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