Senate President talks about real problems to solving state’s budget woes
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FY17 Budget and Revenue Overview
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Transcript of Senate President talks about real problems to solving state’s budget woes
FY17 Budget and Revenue Overview
Where the money comes from
Source: COGFA FY17 Revenue Estimate (Revised March 2017)
$31.4 billion
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billionSpending: $34.4 billion
Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Current FY17 budget: Where the money goes
Revenues: $31.4 billionSpending: $34.4 billion
Deficit: -$3.0 billionSource: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Total spending pressures for FY17
Revenues: $31.4 billion
Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
Spending: $34.4 billion
Total spending pressures for FY17
Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
$4.3 BILLION IN ADDITIONAL SPENDING
PRESSURES
Total spending pressures for FY17
Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
$4.3 BILLION IN ADDITIONAL SPENDING
PRESSURES
Total spending pressures for FY17
Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
$4.3 BILLION IN ADDITIONAL SPENDING
PRESSURES
Total spending pressures for FY17
Revenues: $31.4 billionSpending: $38.7 billion
Deficit: -$7.3 billionSource: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
$13,000,154,828.91
Unpaid Bill Backlog (2016 – 2022 est.)
Dec-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-220
5
10
15
20
25
30
35
40
45
50
Back
log
in $
Billi
ons
$11 Bil-lion
$14Billion
Source: GOMB 5-Year Budget Forecast
$21Billion
$28Billion
$34Billion
$41Billion
$47Billion
Election Day, 2018$24 Billion
FY18 Estimated RevenueSenate Bill 9
(Estimate includes $329 million in tax credits)
$5.66 Billion in new revenue($ in millions)
FY17 Budget and Revenue Overview
