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Joint committee approves $68.745 million in cash transfers to the general fund
Summary
A joint meeting of the Senate Finance and House Appropriations committees voted to transfer four pools of cash totaling $68,745,000 to the state general fund, approving due-pass recommendations on each motion after questions about canceled capital projects and student grant obligations.
A joint meeting of the Senate Finance and House Appropriations committees on Feb. 9 advanced four cash transfers totaling $68,745,000 to the state general fund.
Keith Bybee, Division Manager of Budget and Policy Analysis, presented the governor’s recommendations and the packet titled “FY 2026 and 2027 cash transfers,” saying the requests derive mainly from canceled capital projects and fund balances. “You should have a new packet, titled FY 2026 and 2027 cash transfers,” Bybee told members, and he described a governor-recommended transfer of $33,745,000 from the Permanent Building Fund to the General Fund for canceled projects.
Members pressed analysts on why projects were canceled. A committee member asked whether cancellations resulted from current revenue shortfalls; Lori Wolf, Administrator for the Division of Financial Management, said…
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