Governor Herbert 2011 Budget Recommendations
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Governor Herbert's 2010-2011 budget proposal presented on December 11, 2009.
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Governor Herbert 2011 Budget Recommendations
- 1. FY 2010 and FY 2011 Budget Recommendations Governor Gary R. Herbert December 11, 2009
- 2. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview 1.Revenues/Explanation of the Gap 2. FY 2010 Budget Solution • Executive Order 3. FY 2011 Budget Recommendations • Revenue Sources • Expenditure Highlights Overview
- 3. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview FY 2010 Additional 4% revenue drop ($157 million) from 2009 legislative session FY 2011 Increase of 4.5% of new FY 2010 Base ($191 million) Net new cycle funding = $34 million Consensus Revenues
- 4. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview General Fund/Education Fund Ongoing Revenue $5.212 $4.567 $4.377 $4.220 $4.411 $3.0 $3.5 $4.0 $4.5 $5.0 $5.5 Billions FY 2008 Actual Collections FY 2009 Actual Collections FY 2010 Authorized FY 2010 Revised Estimate FY 2011 Projected
- 5. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview FY 2010 Revenue Shortfall $157 million Additional Shortfall $6 million Supplemental Appropriations $20 million $183 million FY 2011 Public Education Requests $293 million Higher Education Requests $66 million Other State Agencies $151 million $510 million Total Gap $693 million Defining the Gap
- 6. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview Total FY 2010 Gap (in millions) • FY 2010 Budget Shortfall $163 • Supplemental Recommendations $20 • Total Shortfall $183 Gap Solutions (in millions) • Agency Reductions (3%) $39 • Student Population Account (3%) $72 • Bonding for Roads $25 • Medicaid Settlement $20 • OPEB/Term Pool $6 • Reduce USTAR ARRA $5 • Restricted Fund Balances $16 •Total Solutions $183 FY 2010 Budget Solution
- 7. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview • Reduces state agency and higher education budgets by $39 million • Institutes a flexible hiring freeze • Delays IT purchases • Provides other spending guidance • Expires June 30, 2010 Executive Order To Help Mitigate Fiscal Year 2010 Budget Shortfall
- 8. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview FY 2011 Budget Solution • Protect Public and Higher Education by keeping funding steady • Avoid exacerbating the budget’s structural imbalance • Retain a responsible balance in the State’s Rainy Day Fund • Impose no tax increases
- 9. Consensus Revenues FY 2010 Budget Solution Budget Summary Defining the Gap Overview Public Education $293 million Higher Education $66 million Other State Agencies $151 million • Corrections (Adult/Juvenile) - $21 million • Human Services - $18 million • Workforce Services - $2 million • Health - $38 million Total 2011 Needs $510 million FY 2011 Priority Funding Areas FY 2011 Budget Solution
- 10. Consensus Revenues FY 2010 Budget Solution Budget Summary Defining the Gap Overview Ongoing New Revenue Growth $34 million Sales Tax Vendor Discount $20 million Other Unallocated $3 million One-time Rainy Day Fund $166 million Quarterly Filings $125 million Bonding for Roads $75 million Enhanced FMAP ARRA $56 million Student Population Account $31 million Total FY 2011 Revenue $510 million FY 2011 Recommended Revenue FY 2011 Budget Solution
- 11. Consensus Revenues FY 2010 Budget Solution Budget Summary Defining the Gap Overview Rainy Day Fund Historic Balances $253.0 $418.5$418.5$413.9 $313.4 $254.9 $146.1 $66.9 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 General Fund Education Fund FY 2011 Budget Solution
- 12. Consensus Revenues FY 2010 Budget Solution FY 2011 Budget Solution Budget Summary Defining the Gap Overview • Fully funds budget requests from Public and Higher Education • Covers pressing needs in State Agencies • Reduces structural deficit by $20 million • Leaves $253 million in the State’s Rainy Day Fund • Does not require any tax increases FY 2011 Budget Summary
- 13. FY 2010 and FY 2011 Budget Recommendations Governor Gary R. Herbert December 11, 2009