Governor's Bill No. 5005 Summary

• Adjusts state budget appropriations for fiscal year ending June 30, 2021 across General Fund, Special Transportation Fund, and other state funds totaling over $20 billion in spending.

• Modifies pension and healthcare expenditure reductions from $256.2 million (FY 2021) to focus savings on FY 2020, eliminating FY 2021 pension/healthcare reduction targets.

• Updates revenue estimates for General Fund (raised to $17.451 billion), Special Transportation Fund (raised to $1.878 billion), and other special revenue funds to reflect current projections.

• Authorizes Secretary of Office of Policy and Management to make allotment reductions in state agencies to achieve $5 million in contracting savings during FY 2021 and $15 million during FY 2022.

• Includes multiple funding transfers and provisions allowing certain unexpended FY 2020 balances to carry forward to FY 2021 for specific programs including voter registration, workforce training, and health care cost benchmarking.