governor's budget proposal

8/2/2019 Governor's Budget Proposal

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THE MISSOURI BUDGET

9

FY 2013 TOTAL OPERATING BUDGET

SOURCES OF FUNDSTotal Funds* $22,980,371,678

GOVERNORS RECOMMENDED OPERATING BUDGETALL FUNDS

Total Appropriations* $22,980,371,678

*Excludes refunds

General

Revenue$8,029,387,000

34.9%

Federal$7,366,413,537

32.1%Other$7,584,571,141

33.0%

Elementary andSecondaryEducation

$5,258,765,54722.9%

Higher Education$1,032,398,908

4.5%

Judiciary,Elected Officials,

& GeneralAssembly

$380,358,7201.7%

Corrections &Public Safety

$1,241,441,4125.4%

Human Services$10,349,832,451

45.0%

Transportation$2,077,221,312

9.0%

All Other$2,640,353,328

11.5%


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THE MISSOURI BUDGET

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FY 2013 CONSENSUS REVENUE ESTIMATE

Net General Revenue $7,585,600,000

GENERAL REVENUE RECEIPTS AND ESTIMATES

IndividualIncome

$5,071,600,00066.9%

Sales and Use$1,890,600,000

24.9%

CorporateIncome/

Franchise,$352,000,000

4.6%

All OtherSources

$271,400,0003.6%

Actual Consensus Consensus

Receipts Estimate Estimate

FY 2011 FY 2012 FY 2013

CollectionsIndividual Income Tax $ 5,632,978,448 $ 5,835,000,000 $ 6,084,700,000

Sales and Use Tax 1,809,696,986 1,875,000,000 1,940,600,000

Corporate Income/Franchise Tax 537,296,030 530,000,000 520,000,000

County Foreign Insurance Tax 211,208,380 190,000,000 200,000,000

Liquor Tax 25,351,064 25,500,000 26,000,000

Beer Tax 8,222,901 8,200,000 8,200,000

Interest on Deposits and Investments 7,268,426 6,000,000 6,000,000

Federal Reimbursements 62,599,074 31,300,000 26,300,000

All Other Sources 151,907,005 149,900,000 151,700,000

Total General Revenue Collections 8,446,528,314 8,650,900,000 8,963,500,000

Refunds (1,336,921,422) (1,350,000,000) (1,377,900,000)

Net General Revenue Collections $ 7,109,606,892 $ 7,300,900,000 $ 7,585,600,000

Net Growth Rate 2.7% 3.9%


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THE MISSOURI BUDGET

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GOVERNORS RECOMMENDED OPERATING BUDGETGENERAL REVENUE

Total Appropriations* $8,029,387,000

GENERAL REVENUE SUMMARY

Elementary &SecondaryEducation

$2,943,476,58536.7%

HigherEducation

$740,933,3589.2%

Judiciary,Elected

Officials,General

Assembly$290,453,812

3.6%

Corrections &Public Safety$690,234,902

8.6%

HumanServices

$2,430,877,35030.3%

All Other$933,410,993

11.6%

*Excludes refunds

RESOURCES FY 2011 FY 2012 FY 2013

Beginning Balance $ 52,430,354 $ 168,931,183 $ 0

Previous Year's Lapse1

108,467,368 208,140,134 125,627,411

Revenue Collections 8,446,528,314 8,650,900,000 8,963,500,000

Refunds (1,336,921,422) (1,350,000,000) (1,377,900,000)

Federal Budget Stabilization Receipts 572,388,526 277,269,999 0

Other Collections2

0 0 90,350,000

Transfers to Fund 143,815,319 144,984,904 222,867,915

Total Resources Available $ 7,986,708,459 $ 8,100,226,220 $ 8,024,445,326

OBLIGATIONS

Operating Appropriations $ 7,843,850,498 $ 7,908,511,628 $ 7,998,199,499

Disaster Recovery Appropriations3 11,193,634 72,000,001 31,187,501

Supplemental/Estimated Appropriations 140,514,209 92,302,576 0

Capital Appropriations 72,000,000 89,632,154 70,000,000

Expenditure Restrictions/Confirmed Lapse4

(249,781,065) (62,220,139) (75,000,000)

Total Obligations $ 7,817,777,276 $ 8,100,226,220 $ 8,024,387,000

Ending Balance $ 168,931,183 $ 0 $ 58,326

NOTES TO GENERAL REVENUE SUMMARY1Unexpended appropriations are counted as a resource in the next fiscal year to avoid premature commitment of uncertain

resources until actual lapses are known. This includes reserves authorized by Section 33.290, RSMo.2Includes tax amnesty, centralized debt collection, integrated tax system, federal reciprocity, and other collection initiatives.

3Includes appropriations for the State's Emergency Management Agency within the Department of Public Safety

and the National Guard within the Governor's Office.4The FY 2013 amount includes $70 million expenditure restriction applied to the Facilities Maintenance Reserve Fund

as authorized in Article IV, Section 27(b) of the Missouri Constitution and $5 million confirmed lapse in the Judiciary.


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governor's budget proposal

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