Nov. 3, 2017
State Bar plans to tap $22M in reserves to balance budget
The agency said it hopes finding ways to cut costs and increase revenue will limit the use of reserves next year.
A State Bar committee on Thursday approved a preliminary 2018 budget that relies on roughly $22 million in reserves to cover spending projected to far exceed revenue even as lawyer fees increase.
The reserves are needed to address an expected $6 million deficit in the general fund, caused in part by the nearly $2 million in costs the agency will absorb that were previously covered by the bar’s specialty practice groups, State Bar sta...
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