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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

FY10 APPROPRIATIONS BUDGET RECOMMENDATIONS

Presentation to House Democratic Caucus

March 24, 2009


Why are we here
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
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


House actions
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


House actions1
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


House actions2
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)


What house did not cut
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


Overall
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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