Outlook Projection FY 2023-24

8,000 Total New GR Infusion = $7.2 Billion 7,211.4 7,000 6,091.2 6,000 5,000 4,000 New General Revenue Infusion Over Three-Year Period Comparison of 2021 and 2022 Outlooks 2021 Outlook 2022 Outlook 3,000 2,120.7 1,873.6 2,000 1,595.9 1,325.6 1,253.6 1,302.1 1,000 875.8 845.6 Total Budget Statewide Issues Natural Resources Human Services Higher Education Drivers 572.0 284.6 307.6 231.3 266.6 190.9 154.6 101.9 Transportation & Economic Development General Government Pre K-12 Education Criminal Justice & Judical Branch The total need for new infusions of General Revenue over the three years is $7.2 billion. Together, Natural Resources and Statewide Issues represent 51.5 percent of the total. This total three-year driver need is 18.4 percent higher than the $6.1 billion identified last year, but the composition is different. Two of the eight policy areas included in the plan went strongly up in need, three stayed at about the same level, and three went down in need. 13

View entire presentation