Series of November 2019 Capital Bonds
BEAL
THE STATE
Estimated Spending for FY 2020 Budget Outlook
• Total General Funds operating expenditures for FY 2020 are projected to total $37.6 billion, an increase of $1.3
billion or 3.6% from FY 2019
• Debt service transfers to the GOBRI fund are estimated to total $2.1 billion
• Transfers to other State Funds is expected to reach $365 million, a decline of $68 million from FY 2019
• FY 2020 forecasted revenues are expected to exceed FY 2020 expenditures at current appropriation levels by $184
million.
• After accounting for the increase to total revenues from the estimated General Revenue Fund deposit from the
potential sale of Section 7.6 Bonds ($300 million) in FY20, the projected surplus totals $484 million
OF ILLINO
AUG. 96 1818
STATE OF ILLINOIS
GENERAL FUNDS FINANCIAL WALKDOWN
($ billions)
Final
FY 2018
FY 2019
Estimate
FY 2020
Forecast
Change: FY 19
Estimate to FY 2020
Forecast
Expenditures
Operating Expenditures
35.4
36.3
37.6
1.3
3.6%
Statutory Transfers Out
0.6
0.4
0.4
-0.1
(15.7%)
Transfers for GO Bond Debt Service
2.9
2.7
2.1
-0.6
(22.5%)
Interfund Borrowing Repayment
0.1
0.0
0.1
0.1
750.0%
Treasurer's Investment Borrowing Repayment
0.0
0.8
0.4
-0.4
(47.6%)
Total Expenditures
39.0
40.2
40.6
0.3
0.8%
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