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Treasury outlines FY27 priorities: IT modernization, new tax administration costs and multiple pass-through programs
Summary
State Treasurer Rachel Eubanks and Treasury budget director Ken Osborne presented the department’s FY27 executive recommended budget, highlighting IT modernization requests, proposed administrative funding for a vaping tax and digital advertising tax, a $20.25M election administration fund proposal, and questions about multiple multi-year work projects and grant distributions.
State Treasurer Rachel Eubanks and Treasury budget director Ken Osborne briefed the House Appropriations Subcommittee on General Government on the Department of Treasury’s FY27 executive recommended budget and answered lawmakers’ questions about program administration, work projects and fund distributions.
Eubanks described Treasury’s broad responsibilities — tax administration and collection, revenue forecasting, investing state assets, local government and school district fiscal oversight, and managing unclaimed property returns. "We administer taxes," she said, noting the department handles the bulk of state revenue flow and returned a record amount of unclaimed property last year. She briefly summarized recent IT system migrations and call-center upgrades aimed at improving customer service.
Osborne walked through Treasury’s budget…
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