1 / 4

STATE BUDGET OUTLOOK MULTI-YEAR TREND ANALYSIS

STATE BUDGET OUTLOOK MULTI-YEAR TREND ANALYSIS. OFFICE OF STATE FINANCE November 1, 2009* Shelly Paulk Revenue Analyst. *To be updated after the December meeting of the State Board of Equalization. GENERAL REVENUE TRENDS Income vs. Expenditures (In Millions). $6,333m. OFFICIAL ESTIMATE.

jerom
Download Presentation

STATE BUDGET OUTLOOK MULTI-YEAR TREND ANALYSIS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. STATE BUDGET OUTLOOKMULTI-YEAR TREND ANALYSIS OFFICE OF STATE FINANCE November 1, 2009* Shelly Paulk Revenue Analyst *To be updated after the December meeting of the State Board of Equalization.

  2. GENERAL REVENUE TRENDSIncome vs. Expenditures(In Millions) $6,333m OFFICIAL ESTIMATE $6,038.5m $429.1 Actual Collections $527.2 $5,918.6m $104.3 $772.8 $891.1 $5,529.6m $621.3 $428.3 Appropriations Red line = Revenue trend line using actual average growth from FY-2003 thru FY-2010 – Ave. 3.99% Green line = Revenue trend line based on average growth (FY-1999 thru FY 2010) – Ave. 2.76% Black line = Expenditure growth adjusted for OHLAP increases (est. 10%) and ROADS increases (08 Session) Blue line = Average growth of appropriations, based on FY-2003 thru FY-2010 Official Estimate – Ave. .55%

  3. General Revenue Fund SourcesBased on OSU Econometric Model Projections(In Millions) FY-2012 – FY-2014 Ave.7.6% Growth Ave. 7.8% Growth Ave. 0.7% Growth Ave. 5.1% Growth Ave. 1.2% Growth BASED ON OSF OFFICIAL ESTIMATE BASED ON OSU ECONOMETRIC MODEL PROJECTIONS SOURCES ARE SHOWN AS TOTALS – NOT REDUCED FOR OHLAP OR ROADS FUNDING

  4. General Revenue Growth – 5 Major Sources(In Millions over Prior Year) (Total Growth: Personal Income Tax, Corporate Income Tax, Gross Production Gas, Sales Tax, Motor Vehicle Tax) *5.3% *5.2% (0.5)% *6.0% (5.6)% *7.3% *(14.1)% *Based on OSU Econometric Model projections. ACTUALS No adjustments for OHLAP or ROADS funding.

More Related