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2022 Session

Budget Amendments - SB30 (Committee Approved)

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Capture Title IV-E Savings from Federal Matich Rate Change

Item 345 #3s

Item 345 #3s

First Year - FY2023 Second Year - FY2024
Health and Human Resources
Department of Social Services FY2023 ($899,020) FY2024 ($1,230,983) GF
FY2023 $899,020 FY2024 $1,230,983 NGF

Explanation

(This amendment reflects $899,020 the first year and $1.2 million the second year from the general fund in savings due to the increase in the Federal Medical Assistance Percentage (FMAP) that is primarily used as the federal match for Medicaid, but also for the federal Title IV-E foster care program. Effective October 1, 2022, the federal match rate increases from 50.0 percent to 50.65 percent.)