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FY10 APPROPRIATIONS BUDGET RECOMMENDATIONS

FY10 APPROPRIATIONS BUDGET RECOMMENDATIONS. Presentation to House Democratic Caucus March 24, 2009. Why Are We Here?. Declining National Economy Increasing unemployment (MD = 6.2% / US 8.1%) Weakening Revenue Collections (March Revenue Estimates - $1.1B). Protecting Key Services.

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FY10 APPROPRIATIONS BUDGET RECOMMENDATIONS

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  1. FY10 APPROPRIATIONS BUDGET RECOMMENDATIONS Presentation to House Democratic Caucus March 24, 2009

  2. Why Are We Here? • Declining National Economy • Increasing unemployment (MD = 6.2% / US 8.1%) • Weakening Revenue Collections (March Revenue Estimates - $1.1B)

  3. Protecting Key Services • Funded K-12 education, including full funding for GCEI, teacher pensions and supplemental grants • Rejected a cut to Local Police Aid ($66M) • Increase to community colleges to support growing enrollment (3.1%) • Maintain Tuition Freeze • Avoid Cuts to Community Health Providers • Avoid Lay-offs of state employees • Avoid raising taxes or fees

  4. House Actions • Reduce FY09 & FY10 budget = $825M • Cuts to nearly every State agency • Fund balances converted to GF • Bonding short-term GF obligations • Transfers from special funds to the GF

  5. House Actions • $524M in GF Cuts, including: • $30M University System Fund Balance • $25M Sellinger Funding to Private Colleges • $25M Judiciary • $10M Deferred Compensation for State workers • 116 positions from State Government, on top of 1,000 reduced in the Governor’s allowance

  6. House Actions • 20% of actions affected Local Government ($298M) • $102M Highway User Revenue (MACO proposal) • $ 60M Unallocated Funds based on local wealth & taxing effort • $ 31M Overpayments to School Systems • $ 16M Non-public placement formula (70 / 30)

  7. What House Did Not Cut • Disparity Grant to poorest counties • Shift costs to locals for local property tax assessment offices or law clerks • Stem Cell research • Tuition Freeze • Tax credits for homeowners and renters

  8. Overall • The FY10 budget is $13.9B in General Funds • Less than FY09, FY08 and FY07 GF levels • Leaves $51.2M fund balance, above the Rainy Day Fund ($651M)

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