SB 13: Balenced Budget Act of 2011 was voted out of the Senate Appropriations Committee this afternoon.
The bill provides the governor with the power to generate savings during this fiscal year by reducing expenditures by a goal of $400M.
The bill also provides for transfers out of Golden Leaf (67,563,760), Tobacco Trust (2,800,000) and Health and Wellness (17,045,800). In addition, it transfers almost another $90 M in rescissions. Leaving a balance of $165M to carry over for next year.
