Letter to JFAC outlines impact of budget cuts
In a letter to the members of the Joint Finance-Appropriations Committee, Administrator of the Division of Financial Management Lori Wolff compiled a list of what the state can expect in the coming fiscal year following the committee's approval of ongoing budget reductions.
The letter arrives in response to JFAC’s Friday meeting, where it was decided that state agency budgets will be reduced on an ongoing basis by an additional 2%, or $30.1 million. This number includes the 3% agency holdback order issued by Gov. Brad Little in the fall, meaning many agencies face a 5% reduction in agency budgets for the 2027 fiscal year.
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