 But if only 90% is reimbursed, that could be a $170 million cost to the state. Another indication, the Federal Reserve could cut interest rates in September. Fed Governor Christopher Waller said today in Kansas City a cut is coming so long as there are no surprises on inflation and unemployment. He said, while I don't believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted.