$30 mil transfer OK’d to balance the budget

JFAC has voted to transfer $30 million from the budget stabilization fund to the general fund, to balance the budget they’ve already set for next year. “This is what’s required to balance the budget,” said Sen. Dean Cameron, R-Rupert. The transfer would be made by July 1. “Without this transfer, we’d have to go back and either issue additional across the board reductions of some sort or eliminate some level of programs.” The motion, which passed unanimously, assumes the IRS conformity bill will pass; it’s already passed the House. JFAC Co-Chair Rep. Maxine Bell, R-Jerome, noted that the reserve fund transfer is relatively rare. “This isn’t something we do every budget-setting year, and aren’t we grateful,” she said.