Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Governor’s budget proposes transfers and boosts to savings accounts; committee seeks details on bond levy closeout
Summary
Legislative Services Office staff told the Joint Finance‑Appropriations Committee that the governor’s FY2026 proposal includes both transfers into new spending and increases to savings accounts, and that a statutory closeout of the bond levy equalization program will return roughly $62.8 million to the general fund.
The governor’s FY2026 budget recommendation sent to the Joint Finance‑Appropriations Committee would both move money into spending priorities and increase several state savings accounts, Legislative Services Office analysts said Oct. 23.
Keith Bybee told members the governor’s proposal includes an estimated $477.3 million of transfers to other funds when accounting for both spending and savings actions; the package as presented would leave net revenues for FY2026 at a lower figure than some agency requests because the governor offsets some spending with transfers such as the return of an existing bond levy equalization balance.
Bybee identified several specific items in the recommended transfers. He said the governor proposes…
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
