Investor Presentaiton

GR Drivers by Policy Area... In Fiscal Year 2024-25, three policy areas (Human Services, Natural Resources, and Statewide Issues) compose more than half 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 Fiscal Year Fiscal Year Fiscal Year 2024-25 2025-26 2026-27 767.1 862.8 662.3 767.3 716.6 722.9 Human Services 803.2 1,233.5 848.4 Criminal Justice & Judicial Branch 47.3 47.3 47.3 Transportation & Economic Development 479.6 477.9 479.6 Natural Resources 878.6 1,006.1 1,006.7 General Government 181.4 172.3 168.7 Administered Funds - Statewide Issues 949.7 811.3 736.1 Total New Issues 4,874.2 5,327.9 4,672.0 By the second year of the Outlook, the Pre K-12 Education, Human Services, and Natural Resources needs increase, while other areas decline or stay nearly the same. By the third year, Natural Resources is the largest share of the total need. General Revenue Fund Percentage of Total Critical Needs and Other High Priority Needs by Policy Area Pre K-12 Education Higher Education Human Services Fiscal Year 2024-25 Fiscal Year 2025-26 Fiscal Year 2026-27 15.7% 16.2% 14.2% 15.7% 13.5% 15.5% 16.5% 23.2% 18.2% Criminal Justice & Judicial Branch 1.0% 0.9% 1.0% Transportation & Economic Development 9.8% 9.0% 10.3% Natural Resources 18.0% 18.9% 21.5% General Government 3.7% 3.2% 3.6% Administered Funds - Statewide Issues 19.5% 15.2% 15.8% Total New Issues 100.0% 100.0% 100.0% 15

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