FY2015 House Budget Fiscal Committee May 5, 2014. Overview: FY15 House Budget. On April 9, 2014, the House Ways and Means Committee (HWM) released its FY15 Budget Recommendations The final House budget was passed April 30, 2014.
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FY2015 House BudgetFiscal CommitteeMay 5, 2014
The House included language that allows for transferability between 3000-4050 (DTA) and 3000-4060 (Income Eligible) and from those accounts to 3000-3050 (Supportive). Transfers are limited to 3% of total funding and an allocation plan must be filed with the legislature 30-days prior to any such transfer. The Governor proposed unlimited transferability between the three accounts as a part of his budget.
The House included language allowing any unspent balance in 3000-4060 (Income Eligible) at the end of FY14 to carry into FY15. EEC would use any funds carried over to cover any projected FY15 deficiencies.
The House’s FY15 budget recommendation includes level funding for the following accounts. All of these accounts were also level funded in the Governor’s FY15 budget recommendation:
The House’s FY15 budget recommendation eliminated funding for several FY14 one-time initiatives. All of these accounts were also eliminated in the Governor’s FY15 budget recommendation.