PASSED
in the State House of Representatives
on March 26, 2015, by a vote of 96-46
. Purpose: To fund state government operations for FY16. .
Analysis: Those voting YES on H.490 approved a $1.48 billion general fund budget (part of a $5.5 billion total state budget which also includes the education fund, transportation fund, and federally funded programs). This is a $68 million spending increase (4.8%) over the FY15 budget and grows spending at 3 times the average rate of inflation (1.6%) in 2014. .
Those voting NO did so on the grounds that increasing spending by 4.8% while revenue is only projected to grow at 2.4% is unsustainable and irresponsible, objected to the budget’s use of $24 million in one-time funds to achieve “balance,” and that this budget sets up a projected budget gap of $40-50 million for FY17/FY18. .
As Recorded in the House Journal, Thursday, March 26, 2015:“Shall the bill be read a third time? was decided in the affirmative. Yeas, 96. Nays, 46.” (Read the Journal, p.656-659.) .
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