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Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
Governor Herbert 2011 Budget Recommendations
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Governor Herbert 2011 Budget Recommendations

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Governor Herbert's 2010-2011 budget proposal presented on December 11, 2009.

Governor Herbert's 2010-2011 budget proposal presented on December 11, 2009.

Published in: News & Politics
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  • 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

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