2007-2008 Budget: At a Glance
skip breadcrumbs| 2006-07 Actuals |
2007-08 First Quarter Estimate |
2007-08 Mid-Year Estimate |
2008-09 Current Services |
|
|---|---|---|---|---|
| State Operating Funds Budget | ||||
| Size of Budget | $73,489 | $78,661 | $77,936 | $84,284 |
| Annual Growth | 11.00% | 7.00% | 6.10% | 8.10% |
| NYS Long-Term Estimated Personal Income Growth | 5.30% | 5.30% | 5.30% | 5.30% |
| Other Budget Measures (Annual Growth) | ||||
| General Fund (with transfers) | $51,591 | $53,995 | $53,669 | $59,179 |
| State Funds | $77,311 | $83,672 | $82,764 | $89,965 |
| Capital Budget | $5,559 | $6,916 | $6,733 | $7,755 |
| Federal Operating | $33,716 | $34,818 | $33,934 | $35,441 |
| All Funds | $112,764 | $120,395 | $118,603 | $127,480 |
| All Funds (Including “Off-Budget” Capital) | $114,056 | $122,932 | $120,799 | $129,613 |
| Inflation (CPI) Growth | 3.40% | 2.70% | 3.20% | 2.90% |
| All Funds Receipts | ||||
| Taxes | $58,739 | $62,028 | $61,204 | $64,499 |
| Miscellaneous Receipts | $18,078 | $20,198 | $20,058 | $20,015 |
| Federal Grants | $35,579 | $36,940 | $36,016 | $37,835 |
| Base Tax Growth | 12.80% | 7.90% | 7.10% | 4.70% |
| General Fund Outyear Gap Forecast | ||||
| 2008-09 | N/AP | ($3,614) | ($4,265) | ($4,265) |
| 2009-10 | N/AP | ($5,331) | ($6,178) | ($6,178) |
| 2010-11 | N/AP | ($6,713) | ($7,931) | ($7,931) |
| Total General Fund Reserves | $3,045 | $3,046 | $2,763 | $2,700 |
| State Workforce (# of FTEs at year-end) | 195,526 | 198,388 | 199,429 | 201,168 |
| Debt | ||||
| Debt Service as % All Funds | 4.50% | 4.00% | 4.20% | 4.30% |
| State Related Debt Outstanding | $48,095 | $51,100 | $49,993 | $53,095 |
“Current services” forecasts are the projected cost of providing the same level of government services in proceeding fiscal years as in the current fiscal year.
Current services estimates do not reflect future actions that will be taken to balance the 2008-09 budget. The Governor is required by law to submit a balanced Executive Budget to the Legislature.
NOTE: Most recent estimates as of 10/30/07.