Commissioner Taylor Barag told the Board of Regents that Louisiana's budget stabilization fund reached a record $1.227 billion and recommended agencies plan a 'standstill' operating budget while the December revenue estimating conference clarifies FY28 collections and the fate of one‑time receipts such as the recent $56 million higher‑education boost.

Staff confirms Medicaid budget stabilization fund does not interfere with other financial sources

Trustees approved staff’s recommended spending plan for a projected $3,700,000 one-time Student Support & Professional Development (SPUD) block grant, dividing it into three roughly equal pools for strategic planning, site initiatives (ADA-based), and budget stabilization; staff set a spend-by date of June 30, 2029.

Superintendent Dr. Bryant said approximately $32 million in one‑time state 'waterfall' funds are available to Anchorage and presented a preliminary allocation proposal that would invest in tutoring, transportation and positions while setting aside funds to reduce a projected FY28 deficit from about $40 million to roughly $26 million.

OMB said $3M was recently used from the budget stabilization fund and that the administration is discussing possible reprogramming of Epstein/Leon Black settlement proceeds to offset shortfalls; senators asked for on‑the‑record details about the $3M move and where funds will be returned.

With two commissioners absent, Chair Dahl and finance staff reviewed the draft 2026–27 biennial budget, warning reserves will shrink from about three months to roughly one month and outlining proposed percentage reductions across several departments; staff will prepare numbers and a budget stabilization task force was recommended.

District leaders presented immediate spending controls, hiring freezes and contract reviews aimed at closing an estimated $8.15 million budget gap after a projected ~$4.5 million drop in state revenue and ongoing enrollment declines; the board read and moved forward motions for budget amendments and cabinet contracts while members raised concerns about contract timing and clarity.

At its May 19 meetings, the Grand Rapids City Commission approved multiple appointments and resolutions, advanced a lease amendment with Kent County and a budget ordinance amendment that moves $7 million into a budget stabilization fund, and heard a parks-and-recreation summer safety and youth-employment update.

Council members debate infrastructure funding and emergency budget strategies for local towns.

Palm Springs Unified’s business office presented the 2026–27 budget, noting a 4.31% COLA (including a 1.44% augmentation tied to paid pregnancy leave), an expected combined general fund of about $450 million, a projected net decrease near $9.5 million, and a stabilization plan that has already saved roughly $23 million.

The Legislative Analyst’s Office told the Assembly subcommittee the governor’s May Revision depends on one‑time resources and leaves a structural deficit, and urged the Legislature to prioritize ongoing solutions, a $20 billion deposit to the Budget Stabilization Account and $4 billion to fund borrowing — or avoid approving new spending.

Business services presented a first interim report projecting multi‑year general‑fund deficits driven by declining enrollment and rising costs; trustees approved the first interim positive certification and authorized refunding certificates of participation to refinance debt and save interest.

Administration told supervisors the county faces up to an $800 million budget gap in fiscal year 2026–27, driven primarily by federal Medicaid changes under HR 1 and state behavioral‑health funding shifts. Staff proposed raising targeted cash working‑capital reserves and creating a budget stabilization fund.

Michelle Alersma reviews tax rates, funding sources, and budget allocations for San Francisco.

OMB Director Brian Maxwell told the Joint Committee the governor's FY2027 plan targets a 70% reduction in Delaware's structural deficit through spending controls, a 98% revenue assumption and a package of revenue changes now reflected in bills including HB400 and HB364.

Davenport & Company recommended the county set a 20% minimum unassigned fund balance and a 2% budget‑stabilization fund, urging a structurally balanced FY27 budget and a goal to reach reserves within three years to avoid short‑term borrowings.

Prince George's County Public Schools officials told the board that mandatory compensation and ongoing operations create $173 million in essential costs for FY27, leaving a funding gap that drove a $50 million county request; a board member later moved to increase that ask to $95 million amid public outcry over program reductions.

Riley County staff recommended transferring $5 million from capital improvement funds back to county general to avoid deeper immediate cuts; commissioners debated whether to raise the mill levy (intent to exceed R&R) or cut nonstatutory services such as parks and some health programs.

The Office of Planning and Budget presented a preliminary FY25 general fund surplus of $577,073,871 and reminded the committee that state law limits surplus spending to six categories, including budget stabilization and bond defeasance. Lawmakers asked clarifying questions about a separate video draw poker transfer tied to Act 378 of 2025.

Louisiana approves major fund transfers to support various state programs and emergency conditions.

Legislation directs revenue transfers to stabilize budget and support coastal protection efforts.