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DLS: Governor's $70.7B FY27 proposal narrows near-term gap but shifts costs to local governments and special funds
Summary
Department of Legislative Services told the Judiciary Committee the governor's $70.7 billion FY27 proposal narrows the near-term structural gap but relies on nearly $600 million in fund transfers and moves about $39 million of teacher retirement costs to counties, raising local budget pressures.
The Department of Legislative Services told the Judiciary Committee on Jan. 29 that the governor's proposed fiscal 2027 budget totals about $70.7 billion and narrows the structural shortfall for FY27 to under $400 million. "He's leaving $2,200,000,000 in the state's rainy day fund," the presenter said, and the budget projects a $108,000,000 general fund cash balance at year-end.
Why it matters: The administration's plan improves the immediate fiscal outlook but does so in part by tapping special funds and shifting recurring costs, creating risks in later years. DLS officials warned the state still faces a growing structural deficit in subsequent years that could reach several billion dollars.
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