LAO Contact
Ann Hollingshead

Update (9/11/24): Managed care organization tax increase corrected in Appendix 1 (Figure 4) and Appendix 2 (Figure 1).

Update (10/2/24): Figure 8 has been updated for final actions.

September 6, 2024

Overview of the Spending Plan

Appendix 2

Appendix 2, Figure 1

All Other Solutions in the 2024‑25 Budget Package

General Fund (In Millions)

Type	Description	2024‑25
Revenue Related	Eliminate Bad Debt Deduction for Lenders and Retailers Affiliates	$3
Revenue Related	Conform to Federal Changes for Charitable Conservation Easements	70
Revenue Related	Eliminate Intangible Drilling Cost Expensing Tax Expenditure	11
Revenue Related	Eliminate Percentage Depletion Tax Expenditure for Fossil Fuels	11
Revenue Related	Net Operating Losses Suspension and Limitation of Credits to $5 million	5,950
Revenue Related	Managed care organization tax increase	1,696
Revenue Related	Fee for certain public hospital intergovernmental transfers	37
Cost Shift	Loan $10 million from the HICAP Special Fund to the General Fund.	10
Cost Shift	One time shift of Civil Rights Department costs from General Fund to Special Fund	10
Reserve Withdrawal	Withdrawal entire Safety Net Reserve balance	900
Reserve Withdrawal	Withdrawal from BSA mandatory balance	4,926
Cost Shift	Loans to the General Fund from special funds	1,681
Cost Shift	Extend repayment schedule for current loans	408
Totals		$15,712
HICAP = Health Insurance Counseling and Advocacy Program and BSA = Budget Stabilization Account.