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Committee questions state reserve and DPA/CIF proposals as disparity grants face cuts
Summary
The Appropriations Committee reviewed an increase in the state reserve fund and DBM proposals to use $82 million from the Strategic Energy Investment Fund (CIF) for climate and energy priorities; DLS recommended deleting a $42 million higher-education research infusion, and members signaled concern about BRFAA-proposed reductions to disparity grants.
At the Appropriations Committee hearing, Jacob Cash (Department of Legislative Services) presented the fiscal 2027 state reserve fund and dedicated-purpose account (DPA) proposals, saying the FY27 state reserve allowance increases by about $58,000,000 to roughly $126,000,000 and that the rainy-day fund ending balance would be approximately $2,400,000,000 (about 8% of estimated general fund revenues).
Cash described a set of new DPA appropriations funded by transfers from the Strategic Energy Investment Fund (CIF) totaling $82,000,000: $42,000,000 for higher-education research into energy resiliency and climate, $25,000,000 to establish a…
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