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Board hears fund-condition shortfall; staff and DCA propose fee-cap changes and immediate rulemaking for initial license fee
Summary
The board reviewed a fund condition showing declining reserves, heard DCA budget office analysis of a structural imbalance (~$450,000/year), and authorized rulemaking to raise the initial license fee from $200 to $250 while seeking statutory fee-cap increases via sunset legislation.
Board staff and the Department of Consumer Affairs budget office told members on Nov. 8 that the Physician Assistant Board’s fund condition shows declining months-in-reserve over the next three fiscal years and a structural imbalance the staff estimated at about $450,000 per year.
Budget Manager Suzanne Balcus presented the fund-condition snapshot showing 13.7 months in reserve for FY 23–24, projected to fall to about 11.7 months in 2024–25 and to about four months by FY 26–27 under current revenue and expenditure assumptions. Matt Neshamini…
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