Temporarily Reduce General Fund Reserve

Summary

HB 1363 changes the law that sets how much of the unrestricted general fund must be kept as a reserve. It reduces the required reserve rate for fiscal year 2025‑26 and later, and creates a new formula for FY 2027‑28 onward that subtracts certain calculated amounts and $41.25 million in escrow money. The change is intended to give the state more flexibility in spending while still preserving a safety net.

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