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House Appropriations panel hears HFA breakdown of governor’s budget, $1.8B general-fund gap and proposed tax offsets
Summary
House Fiscal Agency analysts told the House Appropriations Committee the governor’s executive recommendation leaves about a $1.8 billion general-fund need, and proposed a mix of new taxes, a $400 million budget-stabilization withdrawal and reprioritized one-time funds to close it.
The House Appropriations Committee convened for a briefing from House Fiscal Agency analysts on the governor’s executive budget recommendation, including four supplemental requests and revenue proposals intended to reduce a roughly $1.8 billion general-fund gap.
Mary Anne Cleary of the House Fiscal Agency introduced the presentation and said analysts would provide a fuller document next week. "You have a couple documents in front of you," she told the committee, then handed the main presentation to fiscal staff.
Kevin Khoskra, House Fiscal Agency fiscal analyst, said the package includes four supplementals and large baseline and caseload adjustments that together drive the need for new revenues. "There are 4 supplementals proposed, within the executive recommendation," Khoskra said. He…
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