Work on flooding projects not complete
March 19, 2020
The Appropriations Committee presented its recommendations for the budget to the Legislature this past week. Budget bills were also given first-round approval from the Legislature. Over the interim, the financial status of the current biennium has improved significantly. The variance from the minimum General Fund reserve was estimated at only $0.2 million when we adjourned last year, but has since grown to $133.8 million.
Furthermore, the rainy day fund increased from $322.4 million to $731 million, representing 14% of the budget, the amount advised by financial experts. This can be primar...