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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. 22
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