Tuesday, June 9, 2009

Dispatch from Jones St:House Finance Committee Update

Quick report on the House Finance Committee process-the revenue bill is HB1588. It is not on line yet but should be at some point today.  This revenue bill would raise $940 million in new revenue.
If this happens here is the information on how the new revenue would be cover some budget cuts in Education and HHS.

Education:
Restoration reserve would be directed as follows-$352 million (FY09-10) and $397.9 (FY10-11)
Funds would be directed to:
-Public School Teachers in the Classroom K-3
-Funds for At-Risk children and Low Wealth Supplemental Funding
-Community College Tuition Waivers
-Community College Equipment ($10 million dollars)
-University Personnel
-Instructional Support Personnel and School Building Administrators

Health and Human Services:
Restoration reserve would be directed as follows-$288 million (FY09-10) and $309.7 million (FY10-11)
Funds would be directed to:
-Medicaid and Services such as Physical and Occupational Therapy
-Various Provider Rates
-Mental Health Services to Communities
-Smart Start
-Personal Care Services
-Dental Services-Adult and Child Oral Health

If you are trying to locate HB1588 on the NC General Assembly Website you will find a bill with very different information in it. The revenue bill has not yet passed the Finance Committee and so the bill language has not yet been updated.

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