"The state has to close a more than $6 billion budget gap and is contending with a significant jump in Medicaid spending. Notably, the state's fiscal problems arise at a time when our economy is relatively strong and tax collections are more than $1 billion above projections for the year.
“The Executive budget tackles some tough issues but we need to more closely examine the specifics and the broader impact of these proposals. The Medicaid Redesign Team is faced with the challenge of identifying $2.5 billion in realistic, long-term changes by April 1.
“The best way to get the state back on solid financial footing is with recurring actions and higher reserves that will better position the state for when the economic downturn in the cycle arrives. My office will put forth a more detailed analysis in the days ahead."