The State's Credit Fundamentals Continue to Improve slide image

The State's Credit Fundamentals Continue to Improve

FY2019 2020 General Funds Expenditures Summary The proposed FY2020 General Funds budget has estimated expenditures totaling $38.748 billion. Proposed expenditure increases reflect Governor's priorities of education and human services spending. āœ“ Proposed budget includes a shift of Medicaid spending to Healthcare Provider Relief Fund to align with new revenues deposited to the fund. Allows HFS to better manage program cash flow. Expenditures: Budget Categories ($ in millions) $ Change %Change from FY19 FY20 Proposed from FY19 Estimated Budget Estimated FY19 Estimated General Funds Appropriations: Education (ISBE/Higher Ed) Economic Development 10,173 62 10,804 631 6.2% 56 (6) -9.7% Public Safety 1,735 1,855 120 6.9% Human Services 5,906 6,448 542 9.2% Healthcare (Medicaid) 7,930 7,228 (702) -8.9% Environment and Culture 59 59 0.0% Government Services 3,390 3,417 27 0.8% Pensions 7,478 7,124 (354) -4.7% Unspent Appropriations Operating Budget (1,050) (975) 75 35,684 36,016 333 0.9% Interfund Borrowing Repayment Statutory Transfers/Debt Service Supplemental Appropriations* 60 85 25 41.7% 3,092 2,646 (446) -14.4% 473 (473) Total Estimated Expenditures** 39,309 38,748 (561) -1.4% *Supplemental Appropriations include the potential range of estimated liability for retroactive step increases for AFSCME employees. FY19 Public Safety and Human Services expenditures would be significantly higher if the supplemental appropriations were allocated to those lines. **FY2019 numbers exclude impact of repayment of the Treasurer's Investment Borrowing program. See the Budget Book for additional details on FY2019 revised budget estimates. 12 AL OF THE STAT OF ILLINO AUG. 26 1818
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