Outlook Projection FY 2023-24

Adding Other High Priority Needs... Because trust fund balances were used, the projected General Revenue cost of some drivers in Fiscal Year 2023-24 is significantly less than it would have been. Even without that adjustment, the Other High Priority Needs drivers would have been the largest expenditure component in each of the three years of the plan, by far. The 28 Other High Priority Needs reflect issues that have been funded in most, if not all, of the recent budget years. Both types of drivers are combined to represent a more complete, yet still conservative, approach to estimating future expenditures. Essentially, the total projected cost for the Critical Needs and Other High Priority Needs shows the impact of continuing the programs and priorities funded in recent years into the three years included in the Outlook. General Revenue Fund Dollar Value of Critical Needs and Other High Priority Needs ($Millions) Critical Needs Other High Priority Needs Critical Needs plus Other High Priority Needs FY 2023-24 FY 2024-25 FY 2025-26 412.0 800.9 1,535.7 1,846.7 1,947.7 2,647.5 767.5 1,848.7 2,616.2 General Revenue Fund Percentage of Total Critical Needs and FY 2023-24 FY 2024-25 FY 2025-26 Other High Priority Needs Critical Needs 21.2% 30.2% 29.3% Other High Priority Needs 78.8% 69.8% 70.7% Critical Needs plus Other High Priority Needs 100.0% 100.0% 100.0% 11

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