State Budget Overview
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View State Budget Overview as PDF for free.
More details
- Words: 128
- Pages: 1
2009-2010 State Budget and Beyond Background Revenues did not meet budget estimates for FY 2008-09 —
Projected: $28.78 Billion
—
Actual: $25.53 Billion
We spent approximately $2.24 Billion more than we collected We expect revenues to be flat or slightly below $25 Billion for the upcoming fiscal year —
Largest shortfall came from the state’s Personal Income Tax (PIT) which was more than $1.29 Billon below estimate
—
The state’s unemployment numbers, now over 10 percent, were a contributing factor in the decline
Stimulus funds alone are not enough to fill the projected budget deficits over the next two fiscal years
Current Status We passed a $27.79 Billion budget on October 9, 2009 —
Approximately 2 percent less than the previous year
0
Projected: $28.78 Billion
—
Actual: $25.53 Billion
We spent approximately $2.24 Billion more than we collected We expect revenues to be flat or slightly below $25 Billion for the upcoming fiscal year —
Largest shortfall came from the state’s Personal Income Tax (PIT) which was more than $1.29 Billon below estimate
—
The state’s unemployment numbers, now over 10 percent, were a contributing factor in the decline
Stimulus funds alone are not enough to fill the projected budget deficits over the next two fiscal years
Current Status We passed a $27.79 Billion budget on October 9, 2009 —
Approximately 2 percent less than the previous year
0
Related Documents
State Budget Overview
July 2020 4
Brief Budget Overview
June 2020 2
Oklahoma Budget Overview
May 2020 3
Oklahoma Budget Overview
May 2020 3
State Budget Shortfalls 2010
June 2020 10