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Ways & Means Committee advances FY27 budget, transfers $104.9 million to education fund
Summary
The Ways & Means Committee voted to find H951 favorable on March 24 after a Joint Fiscal Office presentation of a $9.3 billion FY2027 budget. Members highlighted a $104.9 million transfer to the education fund, use of technology‑fund interest to shore up general fund appropriations, and raised implementation concerns about moving school‑based Medicaid services.
The Ways & Means Committee voted March 24 to find H951 favorable after a high‑level presentation on the FY2027 budget that laid out a $9.3 billion unduplicated total and several notable revenue and transfer changes.
Emily Burn of the Joint Fiscal Office told the committee the FY2027 unduplicated total is "$9.3 billion," with "over a third" of that coming from federal funds largely tied to Medicaid. She said the general fund and the education fund each account for about 27% of the total, special funds about 7% and the transportation fund about 4%.
Burn said revisions tied to the miscellaneous tax bill (including changes to meals and rooms and corporate income tax provisions) have a small net FY27 impact after adjustments to FY26…
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