LFB had their final summaries of the 2013-2015 state budget come out today, so I figured I'd link to them here, in case you (or I) want easy access to get back to certain info in the coming months and years.
Here's the overall budget summary page, with all departments split out.
Here's the paper explaining every fee and tax change in the budget. Get a scoresheet for this one.
Here's the list of all of the transfers of funds that are part of this budget. This includes $213 million of General Fund money going to the Transportation Fund in the next two years.
Here's the paper explaining that property taxes are expected to go up around 2% each of the next two years. Your community may vary, of course.
And lastly, here's a look at the General Fund totals for 2013-2015, and the next budget from 2015-2017. You will note that the estimated structural deficit for 2015-2017 has now increased to $545 million, and that assumes $117 million a year in transfers to the Transportation Fund WON'T happen in the next budget.
On a related note, you know what's missing from this list? An estimate of the 2015-2017 Transportation Fund, and it's very possible that deficit will be even higher than the General Fund one, which would put the total amount of structural deficits at well over $1 billion.
So there it is, feel free to report back to this page as you have a need to look things up. And if you do have such an urge, I have one thing to say to you.
As am I. Dig in!
Structural deficit 2015-17 nothing, what about the 2013-15 structural deficit of $514 million?
ReplyDeleteWe have:
FY14: revenues of $14,629m, appropriations of $14,836m, exceeding revenues by 1.4%.
FY15: revenues of $15,079m, appropriations of $15,386m, exceeding revenues by 2.0%.
Whoops! That means it's double Budget Repair Bill time already! Failure to enact one for FY15 would be yet another constitutional violation, albeit one less obvious than the Capitol arrests of late.