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Treasurer: Stabilization fund $8.1B, iLottery expected to bring first-year online revenue for childcare
Summary
Treasurer Deb Goldberg told the Ways and Means committees the Stabilization Fund is about $8.1 billion, the state expects interest earnings in FY27, and iLottery online sales are projected to generate roughly $70 million net in its first year for childcare programs.
Treasurer Deb Goldberg outlined the administration’s fiscal and investment priorities and urged caution about withdrawals from reserves while describing plans to grow new revenue sources such as iLottery.
Goldberg said, "It has grown to a strong $8,100,000,000," describing the Stabilization Fund as a tool to mitigate downturns and noting projected interest earnings of roughly $252,000,000 in fiscal 2027 assuming…
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