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Osteopathic Medical Board reviews finances and speeds regulatory overhaul after backlog
Summary
The board heard a DCA budget office briefing showing a projected FY reserve around $4.9 million and staff plans to raise licensing revenue through fee adjustments; board staff reported the CME/site-and-find regulatory package cleared pre-reviews and will enter public comment in 2025.
The Osteopathic Medical Board of California received a quarterly budget briefing on Nov. 14 that showed a multi-month reserve even as staff flagged long-term cost pressures from salaries and pension draws.
Kirsten Cox, a DCA budget analyst, said the board began FY23-24 with a base around $4.29 million and ended the year with roughly $5.05 million (about 15 months in reserve). For FY24-25 the board's projection shows revenues around $3.914 million and projected expenditures near $4.026 million, leaving an estimated reserve close to $4.9 million…
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