Rep. Tuck’s Newsletter: Special Session Budget Compromise Averts Shutdown and Protects Economy
After I led negotiations over the Memorial Day weekend, the Legislature passed a $4.6 billion operating budget on Tuesday. This is a reduction of $500 million from last year. We also passed one of the smallest capital budgets in state history. Nearly $3.2 billion comes from the Constitutional Budget Reserve, the state’s savings account. The session now can be laser-focused on a fiscal plan, before our savings are depleted.