12:00 am
February 29, 2016
On Friday, the Senate passed a 2016 supplemental operating budget proposal. We describe the proposal in a new policy brief. Briefly,
- As passed by the Senate, the supplemental would increase NGFS+ spending by $33.6 million.
- The proposal would fund public charter schools.
- It would provide additional support for higher education related to last year’s tuition reduction.
- It would save $75.4 million by merging two public employee retirement plans.
- The Senate’s budget would not increase taxes.
- It would transfer $172.7 million from the general fund to the disaster response account to pay for fire costs.
- The supplemental would balance over four years.
This is very different from the House-passed supplemental, which we wrote about here.
Below is a chart from the new brief comparing the NGFS+ policy changes in the House- and Senate-passed budgets (in millions of Dollars).
Categories: Budget , Categories , Publications.Tags: 2015-17
