STATE BUDGET OUTLOOK MULTI-YEAR TREND ANALYSIS. OFFICE OF STATE FINANCE November 1, 2009* Shelly Paulk Revenue Analyst. *To be updated after the December meeting of the State Board of Equalization. GENERAL REVENUE TRENDS Income vs. Expenditures (In Millions). $6,333m. OFFICIAL ESTIMATE.
OFFICE OF STATE FINANCE
November 1, 2009*
*To be updated after the December meeting of the State Board of Equalization.
Red line = Revenue trend line using actual average growth from FY-2003 thru FY-2010 – Ave. 3.99%
Green line = Revenue trend line based on average growth (FY-1999 thru FY 2010) – Ave. 2.76%
Black line = Expenditure growth adjusted for OHLAP increases (est. 10%) and ROADS increases (08 Session)
Blue line = Average growth of appropriations, based on FY-2003 thru FY-2010 Official Estimate – Ave. .55%
FY-2012 – FY-2014
Ave. 7.8% Growth
Ave. 0.7% Growth
Ave. 5.1% Growth
Ave. 1.2% Growth
BASED ON OSF OFFICIAL ESTIMATE
BASED ON OSU ECONOMETRIC MODEL PROJECTIONS
SOURCES ARE SHOWN AS TOTALS – NOT REDUCED FOR OHLAP OR ROADS FUNDING
(Total Growth: Personal Income Tax, Corporate Income Tax, Gross Production Gas, Sales Tax, Motor Vehicle Tax)
*Based on OSU Econometric Model projections.
No adjustments for OHLAP or ROADS funding.