Outlook Projection FY 2023-24

FY 2022-23 Balance Exists Throughout... Projected Ending Balance $18,000.0 $15,502.1 $16,000.0 $14,618.9 $13,534.4 $1,782.7 $14,000.0 $899.5 $12,000.0 $10,000.0 $8,000.0 $13,719.4 $13,719.4 $13,719.4 $13,719.4 $6,000.0 $4,000.0 $2,000.0 $0.0 ($185.0) ($2,000.0) FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2022-23 Ending Balance Change The state's current balance on the General Revenue Financial Outlook Statement for June 2023 is $13.7 billion, and the plan essentially retains it throughout the three years. If the entire available balance of $13.5 billion is spent in the first year (with the recurring on recurring programs and the nonrecurring on one-time investments), the second and third years of the forecast would both show significant negative ending balances of $1.46 billion and $1.66 billion, respectively. 19

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