Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
DCA budget analyst reports BRN fund in reserve: projected 18.5 months by FY2025–26
Summary
DCA budget analyst Luke Fitzgerald told the board the BRN had a FY2024–25 ending reserve of about $75.8 million (~17 months); FY2025–26 projections show $103.8 million (~18.5 months), with revenue and expenditure drivers including endorsement spikes and personnel cost adjustments.
On March 26, 2026, Luke Fitzgerald of the Department of Consumer Affairs budget office presented the board's revenue and expenditure projections and a fund‑condition statement showing the board’s strong reserves but potential exposure to future cost pressures.
Fitzgerald said the board began FY2024–25 with a beginning balance of about $27.5 million, collected roughly $80 million in revenues (about $22.6 million from initial license fees, $52 million from renewals and $5.4 million from citations/fines/other), and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
