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BSIS says fund balance is shrinking; proposes 10% across‑the‑board fee increase
Summary
Budget staff told the Bureau of Security and Investigative Services (BSIS) advisory committee the bureau is drawing down reserves and will propose a 10% licensing fee increase under existing legislative authority to avoid future deficits.
The Bureau of Security and Investigative Services told its advisory committee that its fund balance is declining and that staff will pursue a 10% increase to all licensing fees under an existing fee authority.
Suzanne Balquez, budget manager for the Department of Consumer Affairs' (DCA) budget office, told committee members the bureau closed fiscal 2022–23 with about $6.3 million in reserves, roughly 4.6 months of operating funds. For fiscal 2023–24 the bureau projected more than $18 million in receipts and estimated end‑of‑year reserves near $8 million, about 4.8 months, but longer projections show the balance trending downward.
“Based on the current…
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