Between a Rock and a Hard Place: Is This Any Way to Address an $89 Million Deficiency?

A summary of the bill adopted by the General Assembly to address the $89 million in FY 03 deficiencies across five agencies and multiple accounts. Deficiencies occur when certain budget accounts go over-budget, sometimes by quite significant amounts. Since state law requires a balanced budget by the end of the fiscal year, these “deficiencies” in funding must be remedied. Deficiencies in Medicaid are a particular focus of the paper.(8 pp.)