Relating to: state finances and appropriations, constituting the executive budget act of the 2023 legislature. (FE)

This bill serves as the state's 2023 executive budget act, establishing the financial framework and spending limits for the upcoming fiscal period. It directly affects state agencies, the building commission, and specific programs like the Medical College of Wisconsin by setting rules for how public funds can be used and allocated. Key provisions include creating a reserve fund for construction projects to handle inflation-related cost overruns, raising the threshold for projects requiring building commission approval from $300,000 to $600,000, and launching a new grant program to help non-state organizations build facilities with statewide public purposes. Additionally, the legislation mandates that the building commission report on long-term construction priorities and track the career paths of medical residents in underserved areas.