40. HB 1025 3rd Reading

Passage; May 22, 2013; Journal Page 2868: 28 Yeas, 3 Nays

YCT Nay. HB 1025 increases state spending drastically and draws money from the Rainy Day Fund for recurring expenditures. According to the bill’s fiscal note there are “net appropriation increases totaling $386.9 million in General Revenue funds, $308.8 million in Other Funds and $2 billion out of the Economic Stabilization Fund.” The legislature should be mindful of the fact that our state will continue to face economic challenges and could face budget shortfalls in the future. Increasing spending generally and taking two billion dollars from the Rainy Day Fund is fiscally irresponsible.