2009-2010 Enacted Budget Report – Executive Summary
2009-10 Financial Plan At-a-Glance
| 2009-10 | ||||
|---|---|---|---|---|
| 2007-08 Actuals |
2008-09 Results* |
Before Actions |
Enacted Budget |
|
| State Operating Funds Budget | ||||
| Size of Budget | $77,003 | $78,168 | $88,154 | $78,742 |
| Annual Growth | 4.8% | 1.5% | 12.8% | 0.7% |
| Other Budget Measures (Annual Growth) | ||||
| General Fund (with transfers) | $53,387 | $54,607 | $63,565 | $54,908 |
| 3.5% | 2.3% | 16.4% | 0.6% | |
| State Funds (Including Capital) | $81,379 | $83,146 | $94,243 | $84,657 |
| 5.3% | 2.2% | 13.3% | 1.8% | |
| Capital Budget (Federal and State) | $6,131 | $6,830 | $7,983 | $8,832 |
| 10.3% | 11.4% | 16.9% | 29.3% | |
| Federal Operating | $32,924 | $36,573 | $36,616 | $44,361 |
| -2.3% | 11.1% | 0.1% | 21.3% | |
| All Funds | $116,058 | $121,571 | $132,753 | $131,935 |
| 2.9% | 4.8% | 9.2% | 8.5% | |
| All Funds (Including “Off-Budget” Capital) | $117,692 | $123,833 | $134,420 | $133,737 |
| 3.2% | 5.2% | 8.5% | 8.0% | |
| Inflation (CPI) Growth | 3.3% | 2.7% | -0.2% | -0.2% |
| All Funds Receipts (Annual Growth) | ||||
| Taxes | $60,871 | $60,337 | $56,654 | $60,647 |
| 6.7% | -0.9% | -6.1% | 0.5% | |
| Miscellaneous Receipts | $19,643 | $20,064 | $19,917 | $22,185 |
| 7.4% | 2.1% | -0.7% | 10.6% | |
| Federal Grants | $34,909 | $38,834 | $38,610 | $47,718 |
| -2.6% | 11.2% | -0.6% | 22.9% | |
| Total Receipts | $115,423 | $119,235 | $115,181 | $130,550 |
| 3.8% | 3.3% | -3.4% | 9.5% | |
| Base Tax Growth/(Decline) ** | 6.0% | -3.0% | -6.5% | -6.5% |
| Combined General Fund/HCRA Outyear Gap Forecast | ||||
| 2008-09 | N/AP | N/AP | ($2,219) | $0 |
| 2009-10 | N/AP | N/AP | ($17,857) | $0 |
| 2010-11 | N/AP | N/AP | ($20,374) | ($2,166) |
| 2011-12 | N/AP | N/AP | ($21,900) | ($8,757) |
| 2012-13 | N/AP | N/AP | ($22,845) | ($13,706) |
| Cumulative Gaps | N/AP | N/AP | ($85,195) | ($24,629) |
| Total General Fund Reserves | $2,754 | $1,948 | N/AP | $1,378 |
| State Workforce (Subject to Executive Control) | 137,635 | 136,490 | 136,108 | 128,803 |
| Debt | ||||
| Debt Service as % All Funds | 4.0% | 4.3% | 4.5% | 4.5% |
| State-Related Debt Outstanding | $49,884 | $51,730 | $54,532 | $54,532 |
* Unaudited Year-End Results.
** Reflects estimated growth/(decline) in tax receipts excluding the impact of Tax Law changes since SFY 1986-87.