Homelessness and affordable housing.
Author: Jackson, Corey A. · In Committee Process · ACA
Fiscal Impact
The bill mandates a transfer from the General Fund to the HOME Account of a sum equal to or greater than 5% of the estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. Based on the bill's text, this is estimated to be at least $10 billion annually for 10 years. This represents a significant, dedicated state expenditure.; ACA-4 mandates an annual transfer from the General Fund to the HOME Account equal to or greater than 5% of estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. The bill text estimates this to be approximately $10 billion per year based on 2025-26 projected revenues. This represents a significant, dedicated annual expenditure from the state's General Fund for a 10-year period. The actual amount may fluctuate based on General Fund revenues and the 'budget emergency' clause.; ACA-4 mandates the transfer of a sum equal to or greater than 5% of the estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. The bill estimates this to be approximately $10 billion annually based on 2025-26 projected revenues. This represents a direct allocation from the General Fund to the newly created HOME Account. The fiscal impact is a significant, dedicated expenditure from the state's General Fund for a decade, totaling approximately $100 billion over the 10-year period. The bill includes provisions for suspension or reduction during a declared budget emergency.