Bill Summary: HB 5049

• Appropriates $231,222,727 in additional funding from the General Fund for fiscal year 2023-2024, with largest allocations to Department of Social Services Medicaid ($135,400,000), State Comptroller fringe benefits ($71,191,727), and Department of Correction ($24,000,000).

• Reduces General Fund appropriations by $148,807,000 across multiple state agencies, including significant cuts to Department of Revenue Services ($10,300,000), Department of Developmental Services ($49,750,000), and Department of Children and Families ($18,855,000).

• Appropriates $3,500,000 from the Special Transportation Fund for State Insurance and Risk Management Operations in the Department of Administrative Services.

• Reduces Special Transportation Fund appropriations by $18,045,000, primarily affecting Department of Motor Vehicles ($13,000,000) and Department of Transportation ($4,275,000).

• Makes additional appropriations and reductions across the Banking Fund, Insurance Fund, Consumer Counsel and Public Utility Control Fund, and Workers' Compensation Fund to address mid-year budget shortfalls.