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Appropriations committee approves $659.2 million transfer package to align FY25 budgets; members press HFA on psychiatric beds, Medicaid shortfalls and pharmacy
Summary
The House Appropriations Committee approved legislative transfer request 02/1958 — a package of standard and contingency transfers that HFA says will align line-item authority and allow the state to accept newly available restricted revenues.
The House Appropriations Committee approved legislative transfer request 02/1958, a package that House Fiscal Agency analysts described as largely technical shifts to align spending authorizations with actual expenditures and to accept restricted revenues. HFA told the committee standard transfers in the package total $585,500,000 and contingency authorization transfers total $73,700,000, an increase to the FY25 budget of roughly 0.09%.
Robin Risco of the House Fiscal Agency briefed the committee on the mechanics. "A transfer is an accounting adjustment that is made to increase or decrease expenditure authority for line items within department budgets," Risco said. She told members transfers cannot create new line…
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