HB 2038, summary overview.

"The consensus revenue estimating process was completed on November 10, 2014, subsequent to agencies submitting budgets with revised expenditures for the current fiscal year. The results of the new consensus revenue estimates identified a $278.7 million State General Fund shortfall for FY 2015. This prompted the Governor to address the shortfall with an allotment plan totaling $280.0 million which reduced expenditures by $60.1 million. The allotment plan also included recommendations to transfer funds and adjust Non-State General Fund expenditures an additional $219.9 million. The adjustments included in the $219.9 million require legislative approval to implement. For the most part, HB 2038 is the portion of the Governor's December 9th allotment plan which requires Legislative approval."