2001 Senate Bill 671 ↩

Senate Roll Call 415: Passed

To concur with the House-passed version of the bill, which withdraws $350 million from the “rainy day fund,” and authorizes the state budget director to use the money to close an expected $336 million deficit in the FY 2001-2002 school aid budget, so as to avoid any overall reductions in spending. The House version also withdraws an additional $200 million, and authorizes the budget director to use the money to close an expected $128 million general fund deficit for the FY 2000-2001 budget year, which ended on Sept. 30, 2001. Finally, it cuts the FY 2001-2002 budgets for the legislature and the judiciary by five-percent each, which will reduce spending by approximately $10 million.