HB 5035 Summary

• Adjusts General Fund appropriations for fiscal year 2018-2019, with total net appropriations of $18,855,991,130 (an increase from the prior estimate of $18,790,627,454)

• Modifies labor-management expense reductions from $867,600,000 to remove FY 2019 requirement, keeping only the $700,000,000 reduction for FY 2018

• Reduces targeted budget savings requirements and other unallocated lapses for FY 2019 (e.g., executive branch savings from $45,000,000 to $9,515,570; judicial branch from $8,000,000 to $5,000,000)

• Updates revenue estimates for General Fund and special funds including Special Transportation Fund, Banking Fund, Insurance Fund, and newly established Passport to Parks Fund with revised projections

• Adjusts appropriations across multiple state agencies and creates new funding mechanisms, including $400,000 for Hurricane Maria disaster relief and transfers from Tobacco Settlement Fund for autism services and medical research