HB18-1035 - Increase General Fund Reserve

Postponed Indefinitely
Concerning an increase in the amount of the general fund reserve.

For the fiscal year 2017-18 and each fiscal year thereafter, the general fund reserve required by law is currently equal to 6.5% of the amount appropriated for expenditure from the general fund. The bill increases the general fund reserve to:

  • 7% for the fiscal year 2018-19;
  • 7.5% for the fiscal year 2019-20; and
  • 8% for the fiscal year 2020-21 and each fiscal year thereafter.
    (Note: This summary applies to this bill as introduced.)
Latest update: January 24, 2018
01/24/2018 - House Committee on Finance Postpone Indefinitely
01/10/2018 - Introduced In House - Assigned to Finance + Appropriations