Outlook Projection FY 2023-24

GR Drivers by Policy Area... In Fiscal Year 2023-24, three policy areas (Higher Education, Human Services, and Statewide Issues) compose more than 86 percent of the total need for General Revenue. General Revenue Fund Total Critical Needs and Other High Priority Needs by Policy Area ($Millions) Pre K-12 Education Higher Education FY 2023-24 FY 2024-25 FY 2025-26 (298.0) 230.3 258.7 385.2 468.3 448.6 Human Services 526.7 384.5 414.4 Criminal Justice & Judicial Branch 34.0 34.0 34.0 Transportation & Economic Development 102.0 103.6 102.0 Natural Resources 326.2 633.1 636.6 General Government 90.5 89.2 87.0 Administered Funds - Statewide Issues 781.2 704.5 635.0 Total New Issues 1,947.7 2,647.5 2,616.2 By the second year of the Outlook, the Pre K-12 Education and Natural Resources needs increase as trust fund options diminish, while other areas decline or stay nearly the same. As a result, Natural Resources significantly increases its share of the total need, becoming second only to Statewide Issues. By the third year, the two policy areas are identical at 24.3 percent. General Revenue Fund Percentage of Total Critical Needs and Other High Priority Needs by Policy Area Pre K-12 Education Higher Education FY 2023-24 FY 2024-25 FY 2025-26 -15.3% 8.7% 9.9% 19.8% 17.7% 17.1% Human Services 27.0% 14.5% 15.8% Criminal Justice & Judicial Branch 1.7% 1.3% 1.3% Transportation & Economic Development 5.2% 3.9% 3.9% Natural Resources 16.7% 23.9% 24.3% General Government 4.6% 3.4% 3.3% Administered Funds - Statewide Issues 40.1% 26.6% 24.3% Total New Issues 100.0% 100.0% 100.0% 12

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