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JBC members split on using Unclaimed Property Trust Fund for adult dental benefit
Summary
Committee members debated whether to fund the adult dental benefit from the Unclaimed Property Trust Fund or the general fund, citing concerns about depleting money held for rightful owners and uncertain political feasibility of undoing the change in a later session.
Members of the Joint Budget Committee spent an extended portion of the meeting debating whether to finance an adult dental benefit with the Unclaimed Property Trust Fund or to shift it to the general fund.
The chair and others warned that the trust fund is held in trust for rightful owners and that sustained draws—estimated in the discussion at roughly $65–$75 million annually for the adult dental benefit—could…
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