Justification
Governor's Recommendations 2025-26

Distributions made from Administered Funds are not always intended to cover funding for a full fiscal year.  Therefore,
additional funding is required in the subsequent fiscal year to cover the full annual cost of these distributions.  The
annualization covers the portion of the year that was not funded in the prior year.  The state employee health insurance
premium increases are effective December 1, 2024 (for the coverage period beginning January 1, 2025), and this
annualization covers the portion of the year (five months) that was not funded in Fiscal Year 2024-25.