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Senate outlines budget-balancing plan using reserves and CARES funds; some items circled for later review
Summary
Senate sponsors presented SB 5,001, a budget-balancing package that uses state reserves, restricted accounts and federal coronavirus relief funds to cover projected shortfalls. Senators requested fiscal notes and the Senate voted to 'circle' portions for additional review.
Senator Stevenson introduced Senate Bill 5,001 as a comprehensive budget-balancing package designed to address COVID-19 revenue disruptions. He told colleagues the package reconciles revenue shortfalls and redistributes CARES Act funds and other resources rather than relying solely on across-the-board cuts.
“...we took again, took money away that we sent to the committees and asked to take your base budget, which is the budget you had last January and reduce that…
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