AN ACT TO DECREASE STATE SPENDING FOR FISCAL YEAR 2026.

Summary

The bill requires every state agency, higher‑education institution, and other elective office to move at least one percent of its FY2026 General Fund budget—excluding debt service—into the Office of Management and Budget’s Contingencies and One‑Time Items account. The transferred money reverts to the General Fund, creating a 1% overall spending reduction for FY2026. The goal is to address a projected budget shortfall without changing tax laws.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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