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What your tax dollar pays for

What your tax dollar pays for. 50. 33. 11. 6. Rest of State Govt 8 Dept’s 4 Bureau’s Legislature Governor 5 Const. Offices Specials+. Protecting the Public Corrections** Courts*** Public Safety Attorney General. Taking Care of People Medicaid State Hospital

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What your tax dollar pays for

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  1. What your tax dollar pays for 50 33 11 6 • Rest of • State Govt • 8 Dept’s • 4 Bureau’s • Legislature • Governor • 5 Const. Offices • Specials+ • Protecting • the Public • Corrections** • Courts*** • Public • Safety • Attorney • General • Taking Careof People • Medicaid • State Hospital • TANF • DSS/DHS**/DOH • Education • K-12* • Higher Ed. • Tech Schools • Dept of Ed. Excludes Sale/Leaseback, CRP, and Bond Payments +Funding for *HB 1171, **HB 1246, and ***HB 1271 reflected in agency budgets as these programs will be ongoing

  2. State Funding Priorities Your State Tax Dollars: FY95 to Legislative Adopted Spending for FY08 + 120% $165,964,789 State Aid to Local Public Schools* $364,578,230 + 156% $98,777,558 Medicaid $253,066,081 Public Universities & Tech Institutes $112,815,061 + 72% $193,556,428 Health, Human, & Social Services** $65,867,900 + 93% $127,140,318 $52,061,094 Protecting the Public*** + 137% $123,187,695 All the Rest Of State Government -0.14% $93,127,409 $92,996,645 Includes Sale/Leaseback, CRP, Bonds, & SpecialsFunding for *HB 1171, **HB 1246, and ***HB 1271 reflected in agency budgets as these programs will be ongoing

  3. General Funds Spending by Category-- FY08 Adopted General Funds Available $1,137,571,746 State Aid to Local Education 364,578,230 Board of Regents 173,704,185 Technical Education 19,127,140 Rest of Education 8,646,895 $566,056,450(50%) Title 19 – Medical Welfare 253,066,081 Rest of Health/Human*/Social Srvcs 89,757,495 Yankton State Hospital 25,421,853 TANF 8,540,000 $376,785,429 (33%) Corrections 77,039,027 Unified Judicial System 32,580,959 Public Safety 3,882,068 Attorney General 9,067,315 $122,569,369 (11%) -------------------- -------------------- Total -- $1,065,411,248 $1,065,411,248(94%)Rest: 8 Depts, 4 Bureaus, 5 Constitional Officers, Legislature & Special* and Continuing Appropriations --$72,160,498(6%) Excludes Sale/Leaseback, CRP, Bonds because they are a wash. *Funding for HB 1171, HB 1246, and HB 1271 reflected in agency budgets as these programs will be ongoing

  4. Where Do We Get the Money?Revised FY2007 & Adopted FY2008 Receipts & Forecasts (in millions) Rev FY2007 Ad. FY2008 Change Sales and Use Tax Property Tax Reduction Fund Contractor’s Excise Tax Insurance Company Tax Bank Franchise Tax Other Continuing Receipts One-Time Receipts Total Receipts One-Time Reserves Transfer $606.9 119.5 83.7 58.4 41.4 167.5 6.9 1,084.3 8.3 1,092.6 +$34.7 + 14.5 + 4.6 + 2.4 -0.4 + 15.5 - 0.4 + 70.9 - 8.3 +62.6 $641.6 134.0 88.3 60.8 41.0 183.0 6.5 1,155.2 0.0 1,155.2 Total General Fund Revenues

  5. Is State Aid Spent to Improve Education or Is It Put Into Local School Reserves? Local Schools Ending Balance State Aid General Funds + or – From On-Going Ending BalancePrevious Year BaseLine FY 2003 (WJJ) +$4,381,409 $123,104,947 - $4,462,351 FY 2004 (MMR) +$7,256,550 $124,626,400 + $1,521,462 FY 2005 (MMR) +$9,654,176 $138,576,584 + $13,950,175 FY 2006* (MMR) +$13,035,774 $154,587,407 + $16,010,823 FY 2007* (MMR) +$13,018,029 Dec. 2007 Dec. 2007 FY2008 (MMR) +$23,760,925 Dec. 2008 Dec. 2008 Rounds’ First 3 Budgets +$29,946,500+$31,382,460 *Increases include carryover of left-over state aid from prior years

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