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JFO explains $118M in contingent appropriations and limits on emergency board transfers
Summary
The Joint Fiscal Office outlined roughly $118 million set aside at fiscal‑year end — including a $50 million tranche for the emergency board and two $30 million tranches for federal funding risks or other needs — and explained the emergency board's ~2% transfer limit.
The Joint Fiscal Office walked the committee through contingent appropriations left at the close of FY2025 and the rules that govern who can deploy them.
"At the close of FY 2025, there was $118,000,000 that was the contingent appropriations based on where we knew the exit," Emily Burns said, describing how funds were split into pots: one $50 million…
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