Investor Presentaiton
FY 2023-24 Balance Significantly Declines...
General Revenue Fund Projected Ending Balances
($Millions)
$8,000
$7,028
$7,000
$6,000
$5,360
$5,000
$4,064
$4,000
$3,000
$2,000
$2,964
$1,000
$976
$0
FY 2024-25
FY 2025-26
Recurring
$2,718
$4,384
$2,588
$130
FY 2026-27
Nonrecurring
The state's projected balance on the Long-Range Financial Outlook for June 2024 is $8.5 billion. The
plan significantly reduces this balance throughout the three years—the third year is only 31.9% of Fiscal
Year 2023-24. If the entire ending balance is spent in the first year of the plan (with the recurring on
recurring programs and the nonrecurring on one-time investments), both the second and third years of
the Outlook show significant negative ending balances of $-4.6 billion and $-5.6 billion, respectively.
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