(C) estimates of overall medical inflation in the state; and
(D) mandated program changes and their estimated cost impact on Medicaid accountable care organizations;
(v) decide whether to set aside special allocations for the end of the session, including allocations:
(A) to address any anticipated reduction in the amount of federal funds paid to the state; and
(B) of one-time revenue to pay down debt and other liabilities;
(vi) approve the appropriate amount for each subcommittee to use in preparing its budget;
(vii) set a budget figure; and
(viii) adopt a base budget in accordance with Subsection (1)(b) and direct the legislative fiscal analyst to prepare one or more appropriations acts appropriating one or more base budgets for the next fiscal year.
(b) In a base budget adopted under Subsection (1)(a), appropriations from the General Fund, the Education Fund, and the Uniform School Fund shall be set as follows:
(i) if the next fiscal year ongoing revenue estimates set under Subsection (1)(a)(i) are equal to or greater than the current fiscal year ongoing appropriations, the new fiscal year base budget is not changed;
(ii) if the next fiscal year ongoing revenue estimates set under Subsection (1)(a)(i) are less than the current fiscal year ongoing appropriations, the new fiscal year base budget is reduced by the same percentage that projected next fiscal year ongoing revenue estimates are lower than the total of current fiscal year ongoing appropriations;
(iii) in making a reduction under Subsection (1)(b)(ii), appropriated debt service shall not be reduced, and other ongoing appropriations shall be reduced, in an amount sufficient to make the total ongoing appropriations, including the unadjusted debt service, equal to the percentage calculated under Subsection (1)(b)(ii); and
(iv) the new fiscal year base budget shall include an appropriation to the Department of Health for Medicaid accountable care organizations in the amount required by Section 26-18-405.5.
(c) The chairs of each joint appropriations subcommittee are invited to attend this meeting.
(2) All proposed budget items shall be submitted to one of the subcommittees named in JR3-2-302 for consideration and recommendation.
(a) After receiving and reviewing subcommittee reports, the Executive Appropriations Committee may refer the report back to a joint appropriations subcommittee with any guidelines the Executive Appropriations Committee considers necessary to assist the subcommittee in producing a balanced budget.
(b) The subcommittee shall meet to review the new guidelines and report the adjustments to the chairs of the Executive Appropriations Committee as soon as possible.
(a) After receiving the reports, the Executive Appropriations Committee chairs will report them to the Executive Appropriations Committee.