New Budget Adjustment Bill, Combined with Previous Legislation, Very Similar to Governor’s Original Proposal
The Governor has proposed legislation to address the budget gap in fiscal year 2011. His proposal (Special Session SB 12 and AB 13) includes fiscal changes that were stripped out of earlier budget adjustment legislation (now 2011 Act 10).
When SB 12/AB 13 and 2011 Act 10 are taken in combination, the fiscal effect is very similar to the Governor’s original budget adjustment proposal he made in February 2011. The only difference is that SB 12/AB 13 appropriates an additional $24.0 million to cover shortfalls in the Medicaid budget. The administration has re-estimated the size of the shortfall based on more current data. Read full publication.