Budget reserves-recommended appropriation
amount.
25LSO-0707, 1.0
HB0292
FISCAL NOTE
The fiscal impact, in the form of future potential increased General Fund
appropriations to the Budget Reserve Account, and the potential decrease in
General Fund appropriations resulting from decreased Governor’s budget
recommendations, is indeterminable.
Under current law, the Governor is required to include in his budget
recommendation to the legislature that not less than 5 percent of estimated
General Fund receipts for the next biennial budget period be appropriated from
the General Fund to the Budget Reserve Account. This 5 percent amount for the
2025-26 biennium is $152,555,000, based on estimated General revenues for the
2025-26 biennium in the October 2023 Consensus Revenue Estimating Group (CREG)
Forecast.
This bill increases that required Governor’s recommendation from 5 percent of
estimated General Fund receipts to 10 percent of estimated General Fund receipts.
The exact amount of the proposed 10 percent amount for the forthcoming 2027-28
biennium will be based on estimated General Fund revenues in the forthcoming
October 2025 CREG Forecast. The current estimate of 10 percent of General Fund
revenues for the 2027-28 biennium, based on the January 2025 CREG forecast, is
$303,990,000.
Any additional fiscal or personnel impact is not determinable due to insufficient
time to complete the fiscal note process.
Prepared by: Dean Temte, LSO Phone: 777-7881