Introduced
by
To dip into the state counter-cyclical budget and economic stabilization fund ("rainy day fund") in order to make appropriations at previously anticipated levels, despite a decline in tax revenue compared with amounts which had been projected earlier in the year. The bill authorizes expenditures of $77 million from the fund in the current fiscal year, and up to $155 million in FY 2001-2002.
Referred to the Committee on Appropriations
Substitute offered
Which reflects changes adopted following committee testimony and discussion.
The substitute passed by voice vote
Amendment offered
by
To withdraw an additional $175 million from the "rainy day fund" to maintain previously adopted school funding increases.
The amendment failed 15 to 20 (details)
Passed in the Senate 35 to 0 (details)
Received
To dip into the state counter-cyclical budget and economic stabilization fund ("rainy day fund") in order to make appropriations at previously anticipated levels, despite a decline in tax revenue compared with amounts which had been projected earlier in the year. The bill authorizes expenditures of $77 million from the fund in the current fiscal year, and up to $155 million in FY 2001-2002.
Amendment offered
by
To cut the $155 million "rainy day fund" expenditure for FY 2001-2002 from the bill.
The amendment failed 47 to 57 (details)
Amendment offered
by
To limit "rainy day fund" expenditures for the current year, by deleting a section of the bill which provides a process for making such expenditures.
The amendment failed 45 to 57 (details)
Amendment offered
by
To withdraw an additional $119 million from the "rainy day fund." The money would be used to maintain previously adopted funding for various "categorical" education grants, which had been reduced in order to allow continued funding of basic per-pupil school aid grant increases over the next three years, and for appropriations for certain state health programs.
The amendment failed 47 to 56 (details)
Amendment offered
To authorize only up to $50 million in "rainy day fund" withdrawals.
The amendment passed by voice vote
Passed in the Senate 34 to 0 (details)
To concur with the House-passed version of the bill.
Passed in the House 76 to 27 (details)
To dip into the state counter-cyclical budget and economic stabilization fund ("rainy day fund") in order to make appropriations at previously anticipated levels, despite a decline in tax revenue compared with amounts which had been projected earlier in the year. The bill authorizes expenditures of $77 million from the fund in the current fiscal year, and up to $155 million in FY 2001-2002.
