By Steve Brawner, © 2019 by Steve Brawner Communications, Inc.
The legislative session at the Arkansas Capitol heads for the finish line. What’s left? Mostly spending your tax dollars and finalizing the constitutional amendments you’ll consider in 2020.
In the next few weeks, lawmakers will divvy up state funding through the Revenue Stabilization Act. First passed in 1945, it prioritizes spending. Higher priority areas are guaranteed to be funded while lower priorities get money if it’s available.
The RSA is a big reason the state doesn’t run budget deficits, though it does incur debt in other ways, such as retirement programs and bond issues. It would be nice if the federal government had a similar mechanism, but alas.
Since 2013, one state agency has dominated the process: the Division of Medical Services, which administers Arkansas Works. That’s the state program that purchases private health insurance for lower-income Arkansans. Continue reading Legislature nears the finish line, and then …