governor's budget plan · health provider taxes update the hospital net revenue tax 7/1/2015 $...

Estimated Recommended RecommendedGeneral Fund 2014‐15 2015‐16 2016‐17

Total Recommended Budget Revenues 17,359.6$ 18,005.0$ 18,556.2$ Appropriations 17,480.5 18,001.8 18,551.2

Surplus/(Deficit) (120.9)$ 3.2$ 5.0$

Proposed Adjustments Expenditure Reductions / Fund Transfers 120.9$ ‐$ ‐$ Total Changes 120.9$ ‐$ ‐$

Revised Surplus/(Deficit) ‐$ 3.2$ 5.0$ Budget Reserve Fund Deposit ‐ (3.2) (5.0) Projected Balance 6/30 ‐$ ‐$ ‐$

Special Transportation FundBeginning Balance 169.0$ 166.3$ 231.7$ Revenues 1,339.1 1,503.6 1,514.4

Total Available Resources 1,508.1 1,669.9 1,746.1 Recommended Appropriations 1,341.8 1,438.2 1,504.5

Surplus/(Deficit) (2.7)$ 65.4$ 9.9$ Projected Fund Balance 6/30(1) 166.3$ 231.7$ 241.6$

Other Funds (2)

Revenues 214.7$ 229.6$ 231.2$ Appropriations 214.5 229.3 230.8

Surplus/(Deficit) 0.2$ 0.3$ 0.4$

(1) The balance in the Special Transportation Fund is required for the financing of the multi‐yearInfrastructure Renewal Plan.

(2) Other funds include the: a) Mashantucket Pequot and Mohegan Fund, b) Regional Market Operation Fund, c) Banking Fund, d) Insurance Fund, e) Consumer Counsel and Public Utility Control Fund, f) Workers'Compensation Fund, and g) Criminal Injuries Compensation Fund.

GOVERNOR'S BUDGET PLAN(In Millions)

Financial Summary

A - 1

GOVERNOR’S RECOMMENDED REVISIONS TO CURRENT FISCAL YEAR (In Millions)

Projected Ending Balance as of January 20, 2015 (120.9)$

Proposed Adjustments

Net Impact on Balance

Governor's Jan. 23, 2015 Allotment Reductions 28.4$

Anticipated Revenue from Settlement 36.0$

Expenditure Reductions / Fund Transfers 56.5$

Total Proposed Adjustments 120.9$

Revised Surplus/(Deficit) ‐

Transfer to Budget Reserve Fund ‐

Balance June 30, 2015 ‐$

BUDGET RESERVE FUND BALANCE

$30.7

‐$594.7

$0.0

$363.9$446.5

$269.2

$0.0 $0.0

‐$1,278.5

‐$103.2

$93.5$177.2$248.5

$594.7

$0.0

$302.2

$666.0

$1,112.5

$1,381.7 $1,381.7 $1,381.7

$103.2 $0.0

$270.7 $519.2

‐$1,400

‐$1,100

‐$800

‐$500

‐$200

$100

$400

$700

$1,000

$1,300

$1,600

'01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

Millions

Fiscal Year

Deposits/(Withdrawals)Account Balance

Financial Summary

A - 2

Estimated Net Recommended % GrowthExpenditures Adjustments Appropriation Over2014‐15 2015‐16 2015‐16 2014‐15

General Fund 17,480.5$ 521.3$ 18,001.8$ 3.0%Special Transportation Fund 1,341.8 96.4 1,438.2 7.2%Mashantucket Pequot & Mohegan Fund 61.8 ‐ 61.8 0.0%All Other Funds 152.6 14.9 167.5 9.8%Total 19,036.7$ 632.6$ 19,669.3$ 3.3%

Recommended Net Recommended % GrowthAppropriation Adjustments Appropriation Over

2015‐16 2016‐17 2016‐17 2015‐16General Fund 18,001.8$ 549.4$ 18,551.2$ 3.1%Special Transportation Fund 1,438.2 66.3 1,504.5 4.6%Mashantucket Pequot & Mohegan Fund 61.8 ‐ 61.8 0.0%All Other Funds 167.5 1.5 169.0 0.9%Total 19,669.3$ 617.2$ 20,286.5$ 3.1%

Net Recommended % GrowthAppropriation Adjustments Appropriation Over


Recommended Net Recommended % GrowthAppropriation Adjustments Appropriation Over


Fiscal Year 2015 ‐ 16


SUMMARY OF APPROPRIATION CHANGES(In Millions)

SUMMARY OF EXPENDITURE GROWTH(In Millions)



Financial Summary

A - 3

FY 2014‐15 FY 2014‐15 FY 2015‐16 FY 2016‐17Enacted Adjusted Proposed ProposedBudget Adj. (1) Budget Budget Budget

Total All Appropriated Funds ‐ Prior Year 18,606.5$ 18,606.5$ 18,992.7$ 19,669.3$ Net Appropriated Medicaid Budget Base Adjustment (3.1) (3.1) ‐ ‐

Net Total All Appropriated Funds ‐ Prior Year 18,603.4 18,603.4 18,992.7 19,669.3

Less "Non‐Capped" Expenditures:Debt Service 2,174.6 2,174.6 2,231.1 2,434.5 Statutory Grants to Distressed Municipalities 1,527.5 1,527.5 1,568.3 (2) 1,567.4

Total "Non‐Capped" Expenditures ‐ Prior Year 3,702.1 3,702.1 3,799.4 4,001.9

Total "Capped" Expenditures 14,901.3 14,901.3 15,193.3 15,667.4

Allowable Cap Growth Rate 1.74% 1.74% 2.98% 3.45%

Allowable "Capped" Growth 258.8 258.8 453.2 541.1 "Capped" Expenditures 15,160.1 15,160.1 15,646.5 16,208.5

Plus "Non‐Capped" Expenditures:Debt Service 2,261.1 (30.0) 2,231.1 2,434.5 2,611.1 Federal Mandates and Court Orders (new $) 20.4 4.5 24.9 27.2 30.1 Statutory Grants to Distressed Municipalities 1,578.2 (0.3) 1,577.9 1,567.4 1,572.7

Total "Non‐Capped" Expenditures 3,859.6 3,833.9 4,029.2 4,213.9

Total All Expenditures Allowed 19,019.7 18,994.0 19,675.7 20,422.3

Appropriation for this year 18,993.7 (1.0) 18,992.7 19,669.3 20,286.5

Amount Total Appropriations are Over/

(Under) the Cap (26.0) (1.3) (6.3) (135.8)

1. Adjustments include:

‐ Net $1.0 million in deappropriations in FY 2015, ‐ $30.0 million deappropriation to debt service in FY 2015, ‐ $0.3 million in deappropriations in statutory grants to distressed municipalities, and ‐ $4.5 million increase in federal mandates and court orders due to re‐estimate of ACA impact on State Employee and Retiree Health accounts and DDS Messier case.

2. Updated to reflect FY 2014 actual payments and a revised listing of the 25 distressed municipalities.

STATUTORY SPENDING CAP CALCULATIONSFor FY 2015 through FY 2017

(In Millions)

Financial Summary

A - 4

Eff. Fiscal FiscalTax Type Legislative Proposals Date 2016 2017Personal Income Tax Delay Singles Exemption for Two Years 1/1/2015 12.7$ 8.5$

Sales and Use Tax Reduce rate: 6.20% on 11/1/2015, 5.95% on 4/1/2017 11/1/2015 (70.1)$ (154.9)$ Eliminate Clothing Exemption 7/1/2015 138.0 142.1 Alter Sales Tax free week, exempt clothing

Current Services ChangesEstimated FY 2015‐16 Expenditures $ 17,480.5Current Services Adjustments

OTT ‐ Debt Service (including ERN repayment) $ 148.4Statewide ‐ Collective Bargaining Increases 145.2OSC ‐ State Employee Retirement System Contributions 127.0OSC ‐ Retired Employee Health Service Costs 102.8OSC ‐ State Employee Health Service Costs 42.2SDE ‐ Increase Formula Grants to Statutory Levels 122.9SDE ‐ Increased Enrollment and Slots in Open Choice, Magnets and Charter Schools 29.0UConn ‐ Operating Funds for Next Generation CT 18.8TRB ‐ Retiree Healthcare Costs 15.4DMHAS ‐ Caseload Increases and Annualization of FY 2015 Costs 18.9DDS ‐ Caseload Increases and Annualization of FY 2015 Costs 36.6DSS ‐ Caseload Increases and Annualization of FY 2015 Costs 151.2DSS ‐ Funding for the Duals Demonstration 10.5DOC ‐ Funding Increases for Inmate Medical Services 10.4Statewide ‐ Remove One‐time FY 2015 Bottom‐line Lapses 126.9All Other Changes 5.6

Total Current Services Changes $ 1,111.7Current Services Expenditure Requirements ‐ FY 2015‐16 $ 18,592.1

Policy ChangesIncrease/(Decrease)

DDS ‐ Reduce Funding for Voluntary Services $ (20.7) DDS ‐ Annualize FY 2015 Rescissions (10.5) DDS ‐ All Other Changes (13.5) Dept of Mental Health and Addiction Services (10.0) DSS ‐ Update Hospital Provider Tax Distribution 55.3 DSS ‐ Transition Husky A Adults to the Exchange (44.6) DSS ‐ Medicaid Provider Rates (43.0) DSS ‐ Delay Implementation of Duals Initiative (10.5) DSS ‐ Eliminate Inflationary Increases (11.8) DSS ‐ All Other Changes (59.0) SDE ‐ Maintain Caps on Statutory Formula Grants (122.9) SDE ‐ All Other Changes (34.1) Board of Regents for Higher Education (16.1) University of Connecticut (39.4) TRB ‐ Maintain FY 2015 Retiree Healthcare Funding (15.4) DOC / DCF ‐ Reduce Funding for CSSD Efficiencies (20.7) DOC ‐ Second Chance Savings Initiatives (18.7) DOC ‐ All Other Changes (11.9) DCF ‐ All Other Changes (14.1) JUD ‐ Eliminate Probate Court Subsidy (14.8) Statewide ‐ Increase Hiring Reduction Lapse (25.0) Statewide ‐ Increase MORE Lapse (10.0) All Other Changes (79.0)

Total Increases/(Decreases) $ (590.3)

Total Recommended Appropriations FY 2015‐16 $ 18,001.8

GENERAL FUND APPROPRIATIONS ‐ SUMMARY OF FY 2015‐16 CHANGES(In Millions)

Financial Summary

A - 6

Current Services ChangesFiscal Year 2015‐16 Recommended Appropriations $ 18,001.8Current Services Adjustments

OTT ‐ Debt Service (including ERN repayment) $ 115.5Statewide ‐ Collective Bargaining Increases 146.0OSC ‐ State Employee Retirement System Contributions 27.9OSC ‐ Retired Employee Health Service Costs 64.7OSC ‐ State Employee Health Service Costs 49.8SDE ‐ Increase Formula Grants to Statutory Levels 11.5SDE ‐ Increased Enrollment and Slots in Open Choice, Magnets and Charter Schools 24.6UConn ‐ Operating Funds for Next Generation CT 20.2TRB ‐ Retiree Healthcare Costs 2.8DMHAS ‐ Caseload Increases and Annualization of FY 2015 Costs 15.8DDS ‐ Caseload Increases and Annualization of FY 2015 Costs 32.5DSS ‐ Caseload Increases and Annualization of FY 2015 Costs 141.3DSS ‐ Funding for the Duals Demonstration 4.5All Other Changes 55.4

Total Current Services Changes $ 712.5

Policy ChangesIncrease/(Decrease)

Department of Developmental Services $ (10.5) DSS ‐ Transition HUSKY A Adults to the Exchange (37.5) DSS ‐ Medicaid Provider Rates (4.0) DSS ‐ Delay Implementation of Duals Initiative (4.5) DSS ‐ Eliminate Inflationary Increases (15.9) DSS ‐ All Other Changes (10.3) SDE ‐ Maintain Caps on Statutory Formula Grants (11.5) SDE ‐ All Other Changes (3.9) University of Connecticut (21.2) All Other Changes (43.9)

Total Increases/(Decreases) $ (163.1)

Total Recommended Appropriations FY 2016‐17 $ 18,551.2

GENERAL FUND APPROPRIATIONS ‐ SUMMARY OF FY 2016‐17 CHANGES(In Millions)

Financial Summary

A - 7

ProjectedRevenue Proposed Net

Actual Estimated Current Revenue ProjectedRevenue Revenue Rates Changes Revenue

Taxes 2013‐14 2014‐15 2015‐16 2015‐16 2015‐16Personal Income Tax 8,718.7$ 9,264.5$ 9,748.6$ 12.7$ 9,761.3$ Sales & Use Tax 4,100.6 4,226.2 4,251.0 70.4 4,321.4 Corporation Tax 782.2 734.3 627.3 273.2 900.5 Public Service Tax 293.3 299.1 308.0 0.7 308.7 Inheritance & Estate Tax 168.1 173.0 177.4 ‐ 177.4 Insurance Companies Tax 240.7 256.2 237.2 22.7 259.9 Cigarettes Tax 376.8 354.4 336.7 ‐ 336.7 Real Estate Conveyance Tax 180.5 186.9 194.7 ‐ 194.7 Oil Companies Tax 35.6 ‐ ‐ ‐ ‐ Electric Generation 15.3 ‐ ‐ ‐ ‐ Alcoholic Beverages Tax 60.6 60.7 61.2 1.8 63.0 Admissions & Dues Tax 39.9 38.3 38.7 ‐ 38.7 Health Provider Tax 480.2 478.1 479.9 170.2 650.1 Miscellaneous Tax 18.1 65.5 20.9 ‐ 20.9

Total Taxes 15,510.6$ 16,137.2$ 16,481.6$ 551.7$ 17,033.3$ Less Refunds of Tax (1,091.3) (1,115.1) (1,165.2) ‐ (1,165.2) Less Earned Income Tax Credit (91.1) (120.7) (138.4) 11.0 (127.4) Less R&D Credit Exchange (5.1) (6.8) (7.1) ‐ (7.1)

Total ‐ Taxes Less Refunds 14,323.1$ 14,894.6$ 15,170.9$ 562.7$ 15,733.6$

Other RevenueTransfers‐Special Revenue 323.2$ 325.1$ 329.8$ ‐$ 329.8$ Indian Gaming Payments 279.9 267.5 260.7 ‐ 260.7 Licenses, Permits, Fees 314.7 266.7 295.9 15.9 311.8 Sales of Commodities 40.5 43.5 44.6 ‐ 44.6 Rents, Fines, Escheats 130.9 118.4 119.9 ‐ 119.9 Investment Income (0.3) 0.6 2.8 ‐ 2.8 Miscellaneous 206.8 161.9 163.7 4.6 168.3 Less Refunds of Payments (66.6) (72.9) (74.2) ‐ (74.2)

Total ‐ Other Revenue 1,229.0$ 1,110.8$ 1,143.2$ 20.5$ 1,163.7$

Other SourcesFederal Grants 1,243.9$ 1,238.4$ 1,298.1$ (25.7)$ 1,272.4 Transfer From Tobacco Settlement 107.0 120.0 86.1 21.0 107.1 Transfers From/(To) Other Funds 106.5 14.6 (212.7) (20.9) (233.6) Transfers to Resources of STF ‐ (18.8) (38.2) ‐ (38.2)

Total ‐ Other Sources 1,457.4$ 1,354.2$ 1,133.3$ (25.6)$ 1,107.7$

Total ‐ General Fund Revenues 17,009.6$ 17,359.6$ 17,447.4$ 557.6$ 18,005.0$

GENERAL FUND REVENUES (In Millions)

Financial Summary

A - 8

ProjectedRevenue Proposed NetCurrent Revenue ProjectedRates Changes Revenue

2016‐17 2016‐17 2016‐1710,304.7$ 8.5$ 10,313.2$ 4,431.1 (10.2) 4,420.9 669.8 154.4 824.2 316.5 0.7 317.2 182.7 ‐ 182.7 239.7 22.7 262.4 320.5 ‐ 320.5 200.8 ‐ 200.8

‐ ‐ ‐ ‐ ‐ ‐

61.6 1.8 63.4 40.0 ‐ 40.0 482.0 169.0 651.0 21.4 ‐ 21.4

17,270.8$ 346.9$ 17,617.7$ (1,214.9) ‐ (1,214.9) (144.9) 11.0 (133.9)

(7.4) ‐ (7.4)

15,903.6$ 357.9$ 16,261.5$

339.3$ ‐$ 339.3$ 254.3 ‐ 254.3 273.3 18.7 292.0 45.8 ‐ 45.8 121.8 ‐ 121.8

5.9 ‐ 5.9 165.8 4.6 170.4 (75.1) ‐ (75.1)

1,131.1$ 23.3$ 1,154.4$

1,322.0$ (30.6)$ 1,291.4$ 83.0 16.0 99.0

(222.7) (9.8) (232.5) (17.6) ‐ (17.6)

1,164.7$ (24.4)$ 1,140.3$

18,199.4$ 356.8$ 18,556.2$

Explanation of Changes

Personal Income TaxDelay the Singles Exemption for two years.

Sales Tax Reduce the rate to 6.20% on 11/1/2015, and 5.95% on 4/1/2017.Eliminate the clothing exemption for items $50 and under.Alter the Sales Tax free week to clothing and footwear less than $100.Impact of Alcoholic Beverages Changes.

Corporation Tax Maintain surcharge on corporations at 20%.Cap use of Net Operating Losses at 50% of liability.Cap use of tax credits‐ IY 2015: 35%, IY 2016: 45%, IY 2017 and later, 60%.Eliminate the Business Entity Tax.

Public Service Tax Reduce transfer to CT‐N.

Insurance Companies TaxMaintain the Three Tier Credit Cap for two years.Continue the moratorium on the Film Tax Credit for two years.

Alcoholic Beverages Tax Extend sale hours.Eliminate minimum pricing.

Health Provider TaxesUpdate the Hospital Net Revenue Tax.Cap use of tax credits‐ FY 2015: 35%, FY 2016: 45%, FY 2017 and later, 60%.

Earned Income Tax Credit (EITC)Delay EITC increase for two years at 27.5%.

License, Permits, and Fees Increase SOTS fees for pass‐through entities by $80.Increase DEEP Fee for Solid Waste Transport by $1.Transfer Palliative Use of Marijuana to General Fund.

Miscellaneous Revenue Charge towns 100% for Resident State Troopers.

Federal Grants Revenue loss resulting from expenditure changes.

Transfers‐ Tobacco SettlementEliminate the Tobacco Health Trust Fund transfer.Eliminate the Biomedical Trust Fund transfer.Reduce transfer to the Early Childhood Education Program.

Transfers‐Other FundsVarious fund transfers.

Financial Summary

A - 9

WHERE THE GENERAL FUND DOLLARS COME FROM GENERAL FUND REVENUES FY 2015‐16

(In Millions)

TOTAL $ 18,005.0 MILLION*

Personal Income $9,761.3 49.7%

Other Revenues & Tobacco Settlement

$1,345.0 6.8%

Federal Grants$1,272.4 6.5%

Corporation$900.5 4.6%

Sales & Use$4,321.4 22.0%

Other Taxes$2,050.1 10.4%

* Refunds are estimated at $1,165.2 million in FY 2016, R&D Credit Exchange is estimated at $7.1 million, Earned Income Tax Credit is estimated at $127.4 million, Refunds of Payments are estimated at $74.2 million, and Transfers to Other Funds are estimated at $271.8 million in FY 2016.

WHERE THE GENERAL FUND DOLLARS COME FROM GENERAL FUND REVENUES FY 2016‐17

(In Millions)


Personal Income $10,313.2 51.0%

Other Revenues & Tobacco Settlement

$1,328.5 6.6%

Federal Grants$1,291.4 6.4%

Corporation$824.2 4.1%

Sales & Use$4,420.9 21.8%

Other Taxes$2,059.4 10.2%

* Refunds are estimated at $1,214.9 million in FY 2017, R&D Credit Exchange is estimated at $7.4 million, Earned Income Tax Credit is estimated at $133.9 million, Refunds of Payments are estimated at $75.1 million, and Transfers to Other Funds are estimated at $250.1 million in FY 2017.

Financial Summary

A - 10

WHERE THE GENERAL FUND DOLLARS GO GENERAL FUND APPROPRIATIONS FY 2015‐16

TOTAL $18,001.8 MILLION* BY FUNCTION OF GOVERNMENT

* Net General Fund appropriations are $18,001.8 million after estimated lapses totaling $469.5 million. ** Non‐Functional includes state employee fringe benefits, debt service, and various miscellaneous accounts.

BY MAJOR OBJECT

Personal Services – compensation for the services of officials and employees of the State. Other Expense and Capital Outlay – Other Expense is payment for services secured by contract, for all supplies, materials and equipment not normally regarded as capital items, and all expenditures not properly assignable to other standard accounts; Capital Outlay is all items of equipment (machinery, tools, furniture, vehicles, apparatus, etc.) with a value of over $1,000 and a useful life of more than one year. Other Current Expenses – are authorizations for a specific purpose which can be spent on Personal Services, Other Expenses, Equipment or Grants as long as the funds are spent for the purpose for which the funds were authorized. Payments to Other Than Local Governments – grant payments to institutions, agencies, individuals or undertakings that may not function under state control. Payments to Local Governments ‐ municipal aid grants. Debt Service‐ the payment of interest and principal required on State General Obligation or Special Transportation Obligation debt for the budget period. GAAP‐ Change to accruals with conversion to GAAP‐ based budgeting.

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

Legislative

Conservation and Development

Regulation and Protection

Judicial

General Government

Corrections

Health and Hospitals

Human Services

Non‐Functional**

Education, Museums and Libraries

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%

GAAP

Other Expenses and Capital Outlay

Debt Service

Personal Services

Payments to Local Governments

Other Current Expenses

Payments to Other Than Local Governments

Financial Summary

A - 11

WHERE THE GENERAL FUND DOLLARS GO GENERAL FUND APPROPRIATIONS FY 2016‐17

TOTAL $18,551.2 MILLION* BY FUNCTION OF GOVERNMENT

* Net General Fund appropriations are $18,551.2 million after estimated lapses totaling $485.6 million. ** Non‐Functional includes state employee fringe benefits, debt service, and various miscellaneous accounts.

BY MAJOR OBJECT

Personal Services – compensation for the services of officials and employees of the State. Other Expense and Capital Outlay – Other Expense is payment for services secured by contract, for all supplies, materials and equipment not normally regarded as capital items, and all expenditures not properly assignable to other standard accounts; Capital Outlay is all items of equipment (machinery, tools, furniture, vehicles, apparatus, etc.) with a value of over $1,000 and a useful life of more than one year. Other Current Expenses – are authorizations for a specific purpose which can be spent on Personal Services, Other Expenses, Equipment or Grants as long as the funds are spent for the purpose for which the funds were authorized. Payments to Other Than Local Governments – grant payments to institutions, agencies, individuals or undertakings that may not function under state control Payments to Local Governments ‐ municipal aid grants. Debt Service‐ the payment of interest and principal required on State General Obligation or Special Transportation Obligation debt for the budget period. GAAP‐ Change to accruals with conversion to GAAP‐ based budgeting.

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

Legislative

Conservation and Development

Regulation and Protection

General Government

Judicial

Corrections

Health and Hospitals

Human Services

Non‐Functional**

Education, Museums and Libraries

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%

GAAP

Other Expenses and Capital Outlay

Debt Service

Personal Services

Payments to Local Governments

Other Current Expenses

Payments to Other Than Local Governments

Financial Summary

A - 12

Projected ProjectedRevenue Proposed Net Revenue Proposed Net

Actual Estimated Current Revenue Projected Current Revenue ProjectedRevenue Revenue Rates Changes Revenue Rates Changes Revenue

Taxes 2013‐14 2014‐15 2015‐16 2015‐16 2015‐16 2016‐17 2016‐17 2016‐17Motor Fuels Tax 508.1$ 506.3$ 502.0$ ‐$ 502.0$ 499.8$ ‐$ 499.8$ Oil Companies Tax 380.7 360.3 339.1 ‐ 339.1 359.7 ‐ 359.7 Sales Tax ‐ DMV 82.2 83.1 84.0 ‐ 84.0 85.0 ‐ 85.0 Total Taxes 971.0$ 949.7$ 925.1$ ‐$ 925.1$ 944.5$ ‐$ 944.5$ Less Refunds of Taxes (7.0) (7.1) (7.2) ‐ (7.2) (7.4) ‐ (7.4) Total ‐ Taxes Less Refunds 964.0$ 942.6$ 917.9$ ‐$ 917.9$ 937.1$ ‐$ 937.1$

Other SourcesMotor Vehicle Receipts 236.1$ 244.6$ 245.8$ ‐$ 245.8$ 246.6$ ‐$ 246.6$ Licenses, Permits, Fees 138.4 138.8 139.2 ‐ 139.2 139.9 ‐ 139.9 Interest Income 6.8 7.3 7.8 ‐ 7.8 8.6 ‐ 8.6 Federal Grants 12.1 12.1 12.1 ‐ 12.1 12.1 ‐ 12.1 Transfers From (To) Other Funds (83.0) (21.5) 146.3 ‐ 146.3 156.3 ‐ 156.3 Transfers From Resources of GF (15.0) 18.8 38.2 ‐ 38.2 17.6 ‐ 17.6 Less Refunds of Payments (3.6) (3.6) (3.7) ‐ (3.7) (3.8) ‐ (3.8) Total ‐ Other Sources 291.7$ 396.5$ 585.7$ ‐$ 585.7$ 577.3$ ‐$ 577.3$

Total ‐ STF Revenues 1,255.7$ 1,339.1$ 1,503.6$ ‐$ 1,503.6$ 1,514.4$ ‐$ 1,514.4$

SPECIAL TRANSPORTATION FUND REVENUES(In Millions)

Financial Summary

A - 13

Estimated FY 2014‐15 Expenditures $ 1,341.8Current Services Changes

OTT ‐ Debt Service $ 19.0Statewide ‐ Collective Bargaining Increases 10.1OSC ‐ State Employee Retirement System Contributions (9.0)OSC ‐ State Employee Health Service Costs 8.3DOT ‐ ADA Para‐Transit 2.0DOT ‐ Bus Operations 6.8DOT ‐ Rail Operations 8.1DOT ‐ Other Expenses 4.0All Other Changes 4.0

Total Current Services Changes $ 53.2Current Services Expenditure Requirements ‐ FY 2015‐16 $ 1,395.0

Policy ChangesLet's Go CT! Initiative ‐ Debt Service 6.1 Let's Go CT! Initiative ‐ Pay‐As‐You‐Go Program 13.0 Let's Go CT! Initiative ‐ Support Positions, Other Expenses and Equipment 4.8 DOT ‐ Fund CTFastrak through CMAQ Federal Funding (3.0) DOT ‐ FY 2016 Enhancement of Plow Truck Fleet 10.0 DOT ‐ FY 2016 International Air Service Expansion 5.0 DOT ‐ Transportation to Work Program 1.9 All Other Changes 5.4

Total Increases/(Decreases) $ 43.2Total Recommended Appropriations FY 2015‐16 $ 1,438.2

Current Services ChangesOTT ‐ Debt Service $ 40.9Statewide ‐ Collective Bargaining Increases 13.3OSC ‐ State Employee Retirement System Contributions 7.0OSC ‐ State Employee Health Service Costs 3.6DOT ‐ ADA Para‐Transit 2.1DOT ‐ Bus Operations 4.6DOT ‐ Rail Operations (13.6)DOT ‐ Other Expenses 1.4All Other Changes 1.3

Total Current Services Changes $ 60.7

Policy ChangesLet's Go CT! Initiative ‐ Debt Service 20.1 Let's Go CT! Initiative ‐ Bus Program Routes & Initiatives 0.6 Let's Go CT! Initiative ‐ Support Positions, Other Expenses and Equipment 1.8 DOT ‐ FY 2016 Enhancement of Plow Truck Fleet (10.0) DOT ‐ FY 2016 International Air Service Expansion (5.0) All Other Changes (1.9)

Total Increases/(Decreases) $ 5.6Total Recommended Appropriations FY 2016‐17 $ 1,504.5

SPECIAL TRANSPORTATION FUND ‐ SUMMARY OF RECOMMENDED APPROPRIATIONS(In Millions)

FY 2015‐16

FY 2016‐17

Financial Summary

A - 14

Actual & Projected Revenues FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020Motor Fuels Tax, Motor Vehicle Receipts, Licenses, Permits, Fees 889.7$ 887.0$ 886.3$ 885.1$ 883.9$ 882.8$ Sales Tax ‐ DMV 83.1 84.0 85.0 85.9 86.9 88.0 Oil Companies Tax 360.3 339.1 359.7 377.3 377.3 377.3 Federal Grants 12.1 12.1 12.1 12.1 12.1 12.1 Interest Income 7.3 7.8 8.6 9.6 10.5 11.3 Transfers from / (to) Other Funds 12.3 184.5 173.9 156.3 156.3 156.3 Transfers to Transportation Strategy Board Account (15.0) ‐ ‐ ‐ ‐ ‐ Total Revenues 1,349.8$ 1,514.5$ 1,525.6$ 1,526.3$ 1,527.0$ 1,527.8$ Refunds (10.7) (10.9) (11.2) (11.5) (12.2) (12.9) Total Net Revenues 1,339.1$ 1,503.6$ 1,514.4$ 1,514.8$ 1,514.8$ 1,514.9$

Projected Debt Service and ExpendituresProjected Debt Service on the Bonds 464.8$ 495.9$ 536.8$ 578.4$ 614.4$ 653.0$ Projected Debt Service on Transportation related General Obligation Bonds 0.1 0.0 0.0 0.5 0.0 0.0DOT Budgeted Expenses 584.1 614.4 610.4 638.3 686.8 728.1DMV Budgeted Expenses 63.3 67.1 68.1 71.1 74.2 77.5Other Budget Expenses 209.8 208.8 231.7 243.2 255.3 268.0Program Costs Paid from Current Operations 19.7 19.8 19.7 20.7 20.7 20.7Estimated Unallocated Lapses 0.0 (11.0) (11.0) (11.0) (11.0) (11.0)Total Expenditures 1,341.8$ 1,395.0$ 1,455.7$ 1,541.2$ 1,640.4$ 1,736.3$

Excess (Deficiency) (2.7) 108.6 58.7 (26.4) (125.6) (221.4)

Revised Cumulative Excess (Deficiency) 166.3 274.9 333.6 307.2 181.6 (39.8)

New Revenue ChangesIncrease Transfer from the General Fund ‐$ ‐$ ‐$ 112.0$ 255.0$ 400.0$ Total Revenue Changes ‐ ‐ ‐ 112.0 255.0 400.0 Total Revised Revenues 1,339.1$ 1,503.6$ 1,514.4$ 1,626.8$ 1,769.8$ 1,914.9$

New Expenditure ChangesLet's Go CT! Initiative ‐ Debt Service ‐$ 6.1$ 26.2$ 61.5$ 104.9$ 149.0$ Let's Go CT! Initiative ‐ Pay‐As‐You‐Go Program ‐ 13.0 13.0 13.0 13.0 13.0 Let's Go CT! Initiative ‐ Support Positions, Other Expenses and Equipment ‐ 4.8 6.6 6.9 7.2 7.5 DOT ‐ Fund CTFastrak through CMAQ Federal Funding ‐ (3.0) (3.0) (3.0) (3.0) (3.0) DOT ‐ FY 2016 Enhancement of Plow Truck Fleet ‐ 10.0 ‐ ‐ ‐ ‐ DOT ‐ FY 2016 International Air Service Expansion ‐ 5.0 ‐ ‐ ‐ ‐ DOT ‐ Transportation to Work Program ‐ 1.9 1.9 1.9 1.9 1.9 All Other Changes ‐ 5.4 4.1 4.1 4.1 4.1

Total Expenditure Changes ‐ 43.2 48.8 84.3 128.1 172.5 Total Revised Expenditures 1,341.8$ 1,438.2$ 1,504.5$ 1,625.5$ 1,768.5$ 1,908.8$

Revised Projected Excess (Deficiency) (2.7) 65.4 9.9 1.3 1.3 6.1

Revised Cumulative Excess (Deficiency) 166.3$ 231.7$ 241.6$ 242.9$ 244.2$ 250.3$

SPECIAL TRANSPORTATION FUND ‐ STATEMENT OF FINANCIAL CONDITION(In Millions)

Financial Summary

A - 15

WHERE THE SPECIAL TRANSPORTATION FUND DOLLARS COME FROM SPECIAL TRANSPORTATION FUND REVENUES

FISCAL YEAR 2015‐16 (In Millions)


Motor Fuels Tax$502.0 33.1%

Interest Income $7.8 0.5%

Motor Vehicle Receipts$245.8 16.2%

Oil Companies$339.1 22.4%

Sales Tax-DMV$84.0 5.5%

Federal Grants$12.1 0.8%

Transfers from Other Funds$184.5 12.2%

Licenses, Permits, Fees$139.2 9.2%

WHERE THE SPECIAL TRANSPORTATION FUND DOLLARS GO

SPECIAL TRANSPORTATION FUND APPROPRIATIONS TOTAL $ 1,438.2 MILLION**

4.6%

14.9%

21.0%

23.3%

34.6%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%

Dept. of Motor Vehicles

Fringe Benefits & Other****

DOT ‐ Operating

DOT ‐ Public Transportation

Debt Service ***

* Refunds are estimated at $10.9 million in FY 2016. ** Net Special Transportation Fund appropriations are $1,438.2 million in FY 2016 after an estimated lapse of $11.0 million in FY 2016. *** Debt Service includes: Special Tax Obligation Bonds and General Obligation Bonds. **** Fringe Benefits & Other includes: State employees fringe benefits, State Insurance & Risk Management Board, and other miscellaneous accounts.

Financial Summary

A - 16

WHERE THE SPECIAL TRANSPORTATION FUND DOLLARS COME FROM SPECIAL TRANSPORTATION FUND REVENUES

FISCAL YEAR 2016‐17 (In Millions)


Motor Fuels Tax$499.8 32.8%

Interest Income $8.6 0.6%

Motor Vehicle Receipts$246.6 16.2%

Oil Companies $359.7 23.6%

Sales Tax-DMV$85.0 5.6%

Federal Grants$12.1 0.8%

Transfers from Other Funds$173.9 11.4%

Licenses, Permits, Fees$139.9 9.2%

WHERE THE SPECIAL TRANSPORTATION FUND DOLLARS GO SPECIAL TRANSPORTATION FUND APPROPRIATIONS

TOTAL $ 1,504.5 MILLION**

4.4%

15.8%

20.9%

21.7%

37.2%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%

Dept. of Motor Vehicles

Fringe Benefits & Other****

DOT ‐ Operating

DOT ‐ Public Transportation

Debt Service ***

* Refunds are estimated at $11.2 million in FY 2017. ** Net Special Transportation Fund appropriations are $1,504.5 million in FY 2017 after an estimated lapse of $11.0 million in FY 2017. *** Debt Service includes: Special Tax Obligation Bonds and General Obligation Bonds. **** Fringe Benefits & Other includes: State employees fringe benefits, State Insurance & Risk Management Board, and other miscellaneous accounts.

Financial Summary

A - 17

Fiscal Total Debt

Year Principal Interest Service

2015 1,212,031,365 713,994,158 1,926,025,523

2016 1,231,620,061 668,417,658 1,900,037,719

2017 1,194,584,988 615,963,819 1,810,548,807

2018 1,189,332,299 568,231,159 1,757,563,458

2019 983,956,471 516,968,202 1,500,924,673

2020 928,525,614 474,395,460 1,402,921,074

2021 889,711,206 430,977,363 1,320,688,569

2022 892,399,111 439,987,696 1,332,386,807

2023 907,386,122 409,540,087 1,316,926,209

2024 806,324,066 395,636,766 1,201,960,832

2025 753,337,437 360,606,650 1,113,944,087

2026 742,120,000 240,280,423 982,400,423

2027 721,830,000 202,457,669 924,287,669

2028 697,655,000 165,616,463 863,271,463

2029 618,730,000 131,291,511 750,021,511

2030 622,710,000 97,151,250 719,861,250

2031 564,880,000 66,645,093 631,525,093

2032 552,445,000 37,154,478 589,599,478

2033 141,555,000 7,756,484 149,311,484

2034 75,495,000 2,394,338 77,889,338

Total 15,726,628,740$ 6,545,466,727$ 22,272,095,467$

(1) Includes General Obligation, Economic Recovery Notes, GAAP Bonds, Teachers'

Retirement Bonds, Tax Increment Financings, CHFA Supportive Housing,

CHFA Emergency Mortgage Assistance Program, and UConn 2000.

STATE OF CONNECTICUT

SUMMARY OF PRINCIPAL AND INTEREST

ON GENERAL FUND DEBT OUTSTANDING(1)

as of June 30, 2014

Financial Summary

A - 18

Fiscal Total DebtYear Principal Interest Service

2015 269,845,000 178,987,461 448,832,461 2016 246,845,000 167,618,805 414,463,805 2017 230,010,000 156,538,211 386,548,211 2018 233,840,000 145,557,440 379,397,440 2019 227,420,000 134,383,340 361,803,340 2020 225,035,000 123,294,300 348,329,300 2021 230,295,000 112,807,451 343,102,451 2022 215,705,000 101,850,849 317,555,849 2023 217,340,000 91,302,385 308,642,385 2024 208,675,000 81,600,121 290,275,121 2025 210,360,000 70,932,217 281,292,217 2026 193,255,000 59,994,259 253,249,259 2027 183,350,000 50,291,208 233,641,208 2028 193,065,000 40,527,216 233,592,216 2029 183,465,000 30,703,014 214,168,014 2030 155,160,000 21,469,104 176,629,104 2031 137,345,000 14,230,624 151,575,624 2032 95,015,000 8,436,700 103,451,700 2033 69,145,000 4,491,800 73,636,800 2034 46,090,000 1,131,288 47,221,288

Total 3,771,260,000$ 1,596,147,793$ 5,367,407,793$

STATE OF CONNECTICUTSUMMARY OF PRINCIPAL AND INTEREST

ON SPECIAL TAX OBLIGATION DEBT OUTSTANDINGas of June 30, 2014

Financial Summary

A - 19

FY 2014 Actual FY 2015 Est. FY 2016 Proj. FY 2017 Proj.General Fund

Beginning Balance ‐$ ‐$ ‐$ ‐$ Revenues 17,230.4 17,359.6 18,005.0 18,556.2 Expenditures 16,981.9 17,480.5 18,001.8 18,551.2 Surplus / (Deficit) 248.5 (120.9) 3.2 5.0 Deficit Mitigation ‐ 120.9 ‐ ‐ Transfers (To) / From Budget Reserve Fund (248.5) ‐ (3.2) (5.0) Ending Balance ‐$ ‐$ ‐$ ‐$

Budget Reserve FundBeginning Balance 270.7$ 519.2$ 519.2$ 522.4$ Transfers To / (From) Budget Reserve Fund 248.5 ‐ 3.2 5.0 Ending Balance 519.2$ 519.2$ 522.4$ 527.4$

Special Transportation FundBeginning Balance 164.6$ 169.0$ 166.3$ 231.7$ Revenues 1,267.0 1,339.1 1,503.6 1,514.4 Expenditures 1,262.6 1,341.8 1,438.2 1,504.5 Surplus / (Deficit) 4.4 (2.7) 65.4 9.9 Ending Balance 169.0$ 166.3$ 231.7$ 241.6$

Teachers' Retirement FundBeginning Balance 14,480.5$ 14,665.1$ 14,649.1$ 14,534.7$ Member Contributions 321.3 341.9 361.0 381.0 Transfers from Other Funds 948.5 984.1 975.6 1,012.2 Investment / Other Income 647.5 500.0 500.0 500.0 Expenditures 1,732.7 1,842.0 1,951.0 2,048.0 Ending Balance 14,665.1$ 14,649.1$ 14,534.7$ 14,379.9$

Retired Teachers Health Insurance Premium FundBeginning Balance 103.0$ 110.1$ 111.4$ 128.0$ Member Contributions 86.3 88.0 91.0 93.0 Transfers from Other Funds 26.0 20.2 34.5 37.0 Investment / Other Income 0.1 0.1 0.1 0.1 Expenditures 105.3 107.0 109.0 111.0 Ending Balance 110.1$ 111.4$ 128.0$ 147.1$

State Employees' Retirement FundBeginning Balance 6,401.7$ 6,492.6$ 6,975.7$ 7,472.1$ Member Contributions 389.3 1,446.4 1,512.3 1,573.4 Investment / Other Income 1,282.3 519.4 558.1 597.8 Expenditures 1,580.7 1,482.7 1,574.0 1,641.3 Ending Balance 6,492.6$ 6,975.7$ 7,472.1$ 8,001.9$

Judges and Compensation Commissioners Retirement FundBeginning Balance 137.2$ 138.8$ 146.2$ 154.2$ Transfers In 23.7 30.6 32.2 33.8 Expenditures 22.1 23.2 24.2 25.3 Ending Balance 138.8$ 146.2$ 154.2$ 162.7$

FINANCIAL POSITION OF THE STATEActual June 30, 2014 and Estimated June 30, 2015, June 30, 2016 and June 30, 2017

(In Millions)

Financial Summary

A - 20

FY 2014 Actual FY 2015 Est. FY 2016 Proj. FY 2017 Proj.Banking Fund

Beginning Balance 27,350$ 20,423$ 20,431$ 20,522$ Revenues 19,294 28,800 30,000 30,200 Expenditures 26,221 28,792 29,909 30,162 Surplus / (Deficit) (6,927) 8 91 38 Transfers To / (From) Fund Balance ‐ ‐ ‐ ‐ Ending Balance 20,423$ 20,431$ 20,522$ 20,560$

Insurance FundBeginning Balance 7,601$ 8,522$ 8,577$ 8,580$ Revenues 31,175 68,400 79,900 81,400 Expenditures 30,254 68,345 79,897 81,307 Surplus / (Deficit) 921 55 3 93 Transfers To / (From) Fund Balance ‐ ‐ ‐ ‐ Ending Balance 8,522$ 8,577$ 8,580$ 8,673$

Consumer Counsel & Public Utility Control FundBeginning Balance 4,678$ 5,004$ 5,015$ 5,032$ Revenues 24,655 25,600 26,600 26,700 Expenditures 24,329 25,589 26,583 26,646 Surplus / (Deficit) 326 11 17 54 Transfers To / (From) Fund Balance ‐ ‐ ‐ ‐ Ending Balance 5,004$ 5,015$ 5,032$ 5,086$

Workers' Compensation FundBeginning Balance 10,058$ 12,397$ 12,440$ 12,528$ Revenues 23,464 26,200 27,400 27,000 Expenditures 21,125 26,157 27,312 26,983 Surplus / (Deficit) 2,339 43 88 17 Transfers To / (From) Fund Balance ‐ ‐ ‐ ‐ Ending Balance 12,397$ 12,440$ 12,528$ 12,545$

Mashantucket Pequot & Mohegan FundBeginning Balance 330$ 459$ 479$ 499$ Transfers In 61,800 61,800 61,800 61,800 Expenditures 61,671 61,780 61,780 61,780 Ending Balance 459$ 479$ 499$ 519$

Regional Market Operation FundBeginning Balance 830$ 588$ 659$ 698$ Revenues 971 1,100 1,100 1,100 Expenditures 1,213 1,029 1,061 1,067 Ending Balance 588$ 659$ 698$ 731$

Criminal Injuries Compensation FundBeginning Balance 1,573$ 1,625$ 1,618$ 1,666$ Revenues 3,432 2,780 2,900 3,000 Expenditures 3,380 2,787 2,852 2,934 Ending Balance 1,625$ 1,618$ 1,666$ 1,732$


(In Thousands)

Financial Summary

A - 21

FY 2014 Actual FY 2015 Est. FY 2016 Proj. FY 2017 Proj.University of Connecticut Operating Fund

Beginning Balance 69,538$ 72,849$ 75,427$ 76,116$ Revenues 1,017,740 1,098,360 1,175,933 1,253,044 Expenditures 1,014,429 1,095,782 1,175,244 1,253,263 Ending Balance 72,849$ 75,427$ 76,116$ 75,897$

University of Connecticut Research FoundationBeginning Balance 23,640$ 21,491$ 20,642$ 19,904$ Revenues 100,322 95,972 100,771 105,809 Expenditures 102,471 96,821 101,508 105,638 Ending Balance 21,491$ 20,642$ 19,904$ 20,075$

University of Connecticut Health Center Operating FundBeginning Balance 273,320$ 459,938$ 569,640$ 560,984$ Revenues 722,288 * 781,273 * 660,773 660,773 Expenditures 535,670 671,571 669,429 679,164 Ending Balance 459,938$ 569,640$ 560,984$ 542,593$

University of Connecticut Health Center Research FundBeginning Balance 28,900$ 29,666$ 32,964$ 31,964$ Revenues 75,378 71,362 70,862 70,862 Expenditures 74,612 68,064 71,862 71,862 Ending Balance 29,666$ 32,964$ 31,964$ 30,964$

University of Connecticut Health Center Clinical FundBeginning Balance 79,675$ 71,355$ 69,155$ 60,155$ Revenues 309,535 348,161 431,719 431,719 Expenditures 317,855 350,361 440,719 440,719 Ending Balance 71,355$ 69,155$ 60,155$ 51,155$

University of Connecticut Health Center Scholarships and Student LoansBeginning Balance 15,836$ 15,836$ 15,836$ 15,836$ Revenues 200 240 245 245 Expenditures 200 240 245 245 Ending Balance 15,836$ 15,836$ 15,836$ 15,836$

* Capital authorization proceeds are included in this information for FY 2014 and FY 2015, $193.2 million and $120.5 million, respectively. No estimates are included for FY 2016 and FY 2017.


(In Thousands)

Financial Summary

A - 22

FY 2014 Actual FY 2015 Est. FY 2016 Proj. FY 2017 Proj.Board of State Academic Awards Operating Fund

Beginning Balance 3,173$ 2,357$ 3,804$ 3,804$ Revenues 13,637 15,447 17,139 17,976 Expenditures 14,453 14,000 17,139 17,976 Ending Balance 2,357$ 3,804$ 3,804$ 3,804$

Community Technical Colleges Operating FundBeginning Balance 24,606$ 24,473$ 21,472$ 21,472$ Revenues 473,500 559,311 593,264 621,328 Expenditures 473,634 562,312 593,264 621,328 Ending Balance 24,473$ 21,472$ 21,472$ 21,472$

Connecticut State University Operating FundBeginning Balance 91,293$ 94,656$ 93,438$ 93,438$ Revenues 696,893 693,032 723,634 754,514 Expenditures 693,530 694,249 723,634 754,514 Ending Balance 94,656$ 93,438$ 93,438$ 93,438$

Employment Security FundBeginning Balance 39,279$ 52,261$ 31,792$ 8,561$ Revenues 120,596 92,500 94,500 92,400 Expenditures 107,614 112,969 117,731 100,250 Ending Balance 52,261$ 31,792$ 8,561$ 711$

Unemployment Compensation FundBeginning Balance 208,600$ 233,086$ 220,486$ 247,486$ Revenues 837,171 764,000 748,000 767,600 Expenditures 812,685 776,600 721,000 772,000 Ending Balance 233,086$ 220,486$ 247,486$ 243,086$

Outstanding Federal Loan Balance 431,865$ 123,000$ ‐ ‐


(In Thousands)

Financial Summary

A - 23

ActualFY 2014

EstimatedFY 2015

RequestedFY 2016

Curr. ServicesFY 2016

TotalFY 2016

RequestedFY 2017


TotalFY 2017

SUMMARY OF EXPENDITURES, REQUESTS AND RECOMMENDATIONSBy Appropriation, Character and Fund in $ Thousands

LegislativeLEGISLATIVE MANAGEMENT10010 ‐ Personal Services 40,423 50,150 51,868 51,868 51,868 54,601 54,601 54,60110020 ‐ Other Expenses 13,824 17,700 18,132 18,132 18,132 19,783 19,783 19,78310050 ‐ Equipment 779 325 1,649 1,649 1,649 545 545 54512049 ‐ Flag Restoration 75 75 75 75 75 75 7512129 ‐ Minor Capitol Improvements 136 2,305 2,305 2,305 500 500 50012210 ‐ Interim Salary/Caucus Offices 605 495 642 642 642 494 494 49412384 ‐ Connecticut Academy of Science and Engineering 329 1,03912445 ‐ Old State House 541 582 600 600 600 621 621 62116057 ‐ Interstate Conference Fund 362 399 415 415 415 432 432 43216130 ‐ New England Board of Higher Education 184 203 189 189 189 195 195 19519001 ‐ Nonfunctional ‐ Change to Accruals 374 332 332 332 332 332

57,556 71,300 76,206 76,206 75,874 77,576 77,576 77,245TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEPrivate Funds 2,550 3,230 3,230 3,230 3,230 3,230 3,230 3,230

60,106 74,530 79,436 79,436 79,104 80,806 80,806 80,475TOTAL ‐ ALL FUNDS

AUDITORS OF PUBLIC ACCOUNTS10010 ‐ Personal Services 10,620 11,825 12,475 12,475 12,475 12,500 12,500 12,50010020 ‐ Other Expenses 320 427 437 437 437 450 450 45010050 ‐ Equipment 2 10 10 10 10 10 10 1019001 ‐ Nonfunctional ‐ Change to Accruals 72 70 70 70 70 70

11,014 12,332 12,992 12,992 12,923 13,030 13,030 12,960TOTAL ‐ General Fund

COMMISSION ON AGING10010 ‐ Personal Services 283 416 450 450 450 479 479 47910020 ‐ Other Expenses 25 38 43 43 43 45 45 4510050 ‐ Equipment 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals 1 3 3 3 3 3

309 458 499 499 496 529 529 526TOTAL ‐ General Fund

PERMANENT COMMISSION ON THE STATUS OF WOMEN 10010 ‐ Personal Services 478 541 665 665 665 707 707 70710020 ‐ Other Expenses 49 326 87 87 87 82 82 8210050 ‐ Equipment 1 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals ‐2 4 4 4 4 4


COMMISSION ON CHILDREN10010 ‐ Personal Services 579 668 803 803 803 850 850 85010020 ‐ Other Expenses 77 76 118 118 118 120 120 12010050 ‐ Equipment 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals 8 5 5 5 5 5

664 749 928 928 923 976 976 972TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEPrivate Funds 1

666 749 928 928 923 976 976 972TOTAL ‐ ALL FUNDS

LATINO AND PUERTO RICAN AFFAIRS COMMISSION10010 ‐ Personal Services 259 418 517 517 517 550 550 55010020 ‐ Other Expenses 43 27 107 107 107 78 78 7810050 ‐ Equipment 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals 7 2 2 2 2 2

308 448 629 629 627 632 632 630TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEPrivate Funds 51 55 28 28 28 28 28 28

359 503 657 657 655 660 660 658TOTAL ‐ ALL FUNDS

AFRICAN‐AMERICAN AFFAIRS COMMISSION10010 ‐ Personal Services 203 273 405 405 405 429 429 42910020 ‐ Other Expenses 14 28 33 33 33 35 35 3510050 ‐ Equipment 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals 6 2 2 2 2 2

223 303 442 442 440 468 468 466TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEPrivate Funds 21 10 10 10 10 10 10 10

244 313 452 452 450 478 478 476TOTAL ‐ ALL FUNDS

Financial Summary

A - 24

ActualFY 2014

EstimatedFY 2015

RequestedFY 2016


TotalFY 2016

RequestedFY 2017


TotalFY 2017


ASIAN PACIFIC AMERICAN AFFAIRS COMMISSION10010 ‐ Personal Services 147 179 316 316 316 336 336 33610020 ‐ Other Expenses 64 14 118 118 118 111 111 11110050 ‐ Equipment 2 2 2 2 2 219001 ‐ Nonfunctional ‐ Change to Accruals 4 0 0 0


LEGISLATIVESUMMARY

GENERAL FUNDPersonal Services 52,992 64,471 67,499 67,499 67,499 70,451 70,451 70,451Other Expenses 14,415 18,638 19,076 19,076 19,076 20,704 20,704 20,704Capital Outlay 781 336 1,671 1,671 1,671 567 567 567Other Current Expenses 1,611 2,191 3,622 3,622 3,622 1,690 1,690 1,690Payments to Other Than Local Governments 545 602 604 604 604 627 627 627Nonfunctional ‐ Change to Accruals 469 418 418 418 418 418


Private Funds 2,623 3,295 3,268 3,268 3,268 3,268 3,268 3,26873,438 89,951 96,157 96,157 95,740 97,724 97,724 97,306TOTAL ‐ Legislative

Financial Summary

A - 25

ActualFY 2014

EstimatedFY 2015

RequestedFY 2016


TotalFY 2016

RequestedFY 2017


TotalFY 2017


General GovernmentGOVERNOR'S OFFICE10010 ‐ Personal Services 2,072 2,382 2,521 2,522 2,402 2,527 2,527 2,40810020 ‐ Other Expenses 163 214 219 219 203 225 225 20310050 ‐ Equipment 0 0 0 0 016026 ‐ New England Governors' Conference 74 113 113 113 108 113 113 10816035 ‐ National Governors' Association 131 135 135 135 128 135 135 12819001 ‐ Nonfunctional ‐ Change to Accruals 2 12 12 12 12 12


SECRETARY OF THE STATE10010 ‐ Personal Services 2,540 2,846 2,962 2,989 2,989 2,978 3,008 3,00810020 ‐ Other Expenses 1,419 1,782 1,823 1,673 1,543 1,875 1,725 1,54310050 ‐ Equipment 0 0 0 0 012480 ‐ Commercial Recording Division 5,018 5,340 7,038 5,784 5,584 6,863 5,812 5,61212508 ‐ Board of Accountancy 270 281 337 297 341 30219001 ‐ Nonfunctional ‐ Change to Accruals 61 35 35 35 35 35


LIEUTENANT GOVERNOR'S OFFICE10010 ‐ Personal Services 437 643 680 680 648 681 682 65010020 ‐ Other Expenses 37 73 75 75 70 77 77 7010050 ‐ Equipment 0 0 0 0 019001 ‐ Nonfunctional ‐ Change to Accruals ‐1 3 3 3 3 3


STATE TREASURER10010 ‐ Personal Services 3,134 3,626 3,789 3,805 3,301 3,802 3,819 3,31410020 ‐ Other Expenses 163 164 168 168 156 173 173 15610050 ‐ Equipment 0 0 0 0 0 019001 ‐ Nonfunctional ‐ Change to Accruals ‐4 23 23 23 23 23

3,294 3,813 3,980 3,995 3,457 3,998 4,015 3,470TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEPrivate Funds 18,956 19,872 19,477 19,477 19,477 20,061 20,061 20,061Investment Trust Fund 88,085 83,477 85,980 85,980 85,980 88,559 88,559 88,559Second Injury Fund 7,521 7,980 8,219 8,219 8,219 8,465 8,465 8,465Unclaimed Proprty Fund 5,404 5,493 5,657 5,657 5,657 5,827 5,827 5,827Special Non‐Appropriated Funds 459 99

123,718 120,733 123,314 123,329 122,791 126,911 126,928 126,383TOTAL ‐ ALL FUNDS

STATE COMPTROLLER10010 ‐ Personal Services 21,666 24,228 25,593 25,560 24,126 25,739 25,705 24,12610020 ‐ Other Expenses 4,187 4,089 7,132 5,746 5,551 6,534 5,245 4,93010050 ‐ Equipment 0 0 0 0 016016 ‐ Governmental Accounting Standards Board 2019001 ‐ Nonfunctional ‐ Change to Accruals 265 150 150 150 150 150


DEPARTMENT OF REVENUE SERVICES10010 ‐ Personal Services 55,604 59,823 62,614 62,583 61,009 63,058 63,026 61,45210020 ‐ Other Expenses 8,680 8,429 8,720 7,992 7,720 8,963 8,242 7,72210050 ‐ Equipment 0 0 0 0 012050 ‐ Collection and Litigation Contingency Fund 8 94 94 94 94 9419001 ‐ Nonfunctional ‐ Change to Accruals 273 309 309 309 309 309

64,564 68,656 71,737 70,978 68,729 72,425 71,671 69,174TOTAL ‐ General FundADDITIONAL FUNDS AVAILABLEFederal Funds 78 35 35 35 35 35 35 35

64,643 68,691 71,772 71,013 68,764 72,460 71,706 69,209TOTAL ‐ ALL FUNDS

OFFICE OF GOVERNMENTAL ACCOUNTABILITY10010 ‐ Personal Services 615 799 846 846 846 857 857 85710020 ‐ Other Expenses 102 72 113 89 82 118 94 8510050 ‐ Equipment 0 0 0 0 012028 ‐ Child Fatality Review Board 89 101 113 108 108 115 108 10812347 ‐ Information Technology Initiatives 32 32 40 40 40 40 40 4012481 ‐ Citizens' Election Fund Administration Account 1,528 1,949 2,054 2,054 2,103 2,10312522 ‐ Elections Enforcement Commission 1,512 1,491 1,583 1,583 3,632 1,597 1,597 3,69512523 ‐ Office of State Ethics 1,364 1,506 1,635 1,635 1,630 1,672 1,672 1,67212524 ‐ Freedom of Information Commission 1,491 1,657 1,739 1,739 1,734 1,752 1,752 1,747

Financial Summary

A - 26

ActualFY 2014

EstimatedFY 2015

RequestedFY 2016


TotalFY 2016

RequestedFY 2017


TotalFY 2017


12525 ‐ Contracting Standards Board 125 302 302 316 314 302 317 31512526 ‐ Judicial Review Council 113 141 141 148 146 141 150 14812527 ‐ Judicial Selection Commission 81 90 95 95 93 95 95 9312528 ‐ Office of the Child Advocate 464 543 602 566 563 605 567 56412529 ‐ Office of Victim Advocate 398 443 466 466 463 469 469 46612530 ‐ Board of Firearms Permit Examiners 81 121 129 129 128 130 130 12819001 ‐ Nonfunctional ‐ Change to Accruals 91 54 54 54 54 54


OFFICE OF POLICY AND MANAGEMENT10010 ‐ Personal Services 10,689 12,024 13,136 12,986 12,986 13,176 13,039 13,03910020 ‐ Other Expenses 1,181 2,096 2,365 2,007 1,216 2,366 2,011 1,21610050 ‐ Equipment 0 0 0 0 012130 ‐ Litigation Settlement Costs 73312169 ‐ Automated Budget System and Data Base Link 46 50 50 50 47 50 50 4712231 ‐ Cash Management Improvement Act 0 0 0 0 012251 ‐ Justice Assistance Grants 672 1,074 1,075 1,076 1,022 1,075 1,076 1,02212535 ‐ Criminal Justice Information System 820 483 1,122 668 1,736 1,268 98412559 ‐ Youth Services Prevention 3,341 3,60012573 ‐ Project Longevity 525 525 525 1,000 525 525 1,00016017 ‐ Tax Relief for Elderly Renters 28,409 30,185 27,200 27,200 32,071 28,900 28,90017004 ‐ Reimbursement to Towns for Loss of Taxes on State Prope 73,642 83,642 83,642 83,642 83,642 83,642 83,642 83,64217006 ‐ Reimbursements to Towns for Loss of Taxes on Private Tax 115,432 125,432 125,432 125,432 125,432 125,432 125,432 125,43217011 ‐ Reimbursement Property Tax ‐ Disability Exemption 400 400 400 400 400 400 400 40017016 ‐ Distressed Municipalities 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,80017018 ‐ Property Tax Relief Elderly Circuit Breaker 20,506 20,506 20,506 20,506 20,506 20,506 20,506 20,50617021 ‐ Property Tax Relief Elderly Freeze Program 171 171 120 120 120 120 120 12017024 ‐ Property�

governor's budget plan · health provider taxes update the hospital net revenue tax 7/1/2015 $...

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