Arkansas Fiscal Session Concludes
This week, the legislature approved Gov. Hutchinson’s $5.6 billion budget, which includes an increase in state spending by roughly $173 million for the fiscal year beginning July 1. The budget also includes a $64 million surplus.
The legislature also this week approved the Department of Human Services Medical Services’ budget which includes the state’s Medicaid expansion program, also known as Arkansas Works. The U.S. Centers for Medicare and Medicaid Services announced the approval of Gov. Hutchinson’s federal waiver request allowing Arkansas to implement a work requirement for those included in the state’s Medicaid expansion program.
The House & Senate will reconvene on Monday, March 12 to adjourn sine die and elect the next Speaker of the Arkansas House of Representative. Rep. Matthew Shepherd, R-El Dorado, and Rep. Andy Davis, R-Little Rock, are expected to seek the position.
Gov. Hutchinson is expected to call a Special Session on Monday that will address pharmacy reimbursement rates and highway funding. The Special Session is expected to convene on Tuesday, March 13.
Stay tuned for more updates from the Arkansas Capitol.