In order to balance the books for the Commonwealth’s current fiscal year (that is, the one that ends this June 30, not the new 2010-2012 budget), legislators approved moving funds from a number of state agency accounts into the General Fund. Included was a $948,807 transfer from the Department of Professional and Occupational Regulation’s cash balance. Monies in this account are derived from fees paid by approximately 300,000 licensees in the 39 occupations and professions regulated by DPOR.
DPOR does not expect this action to result in any immediate need to increase fees. Based on current projections, the next adjustment for real estate licensees will probably be proposed in about two years, and would not likely be effective until 2015.