Investor Presentaiton
Revenue Adjustments...
Revenue Adjustments to the General Revenue Fund are again included in the Outlook to
reflect legislative actions that alter the revenue-side of the state's fiscal picture. These
adjustments are based on historic averages and include:
Tax and Significant Fee Changes... These changes fall into two categories with different effects.
The continuing tax and fee changes reflect adjustments to the funds otherwise available and build
over time since the impact of each year's change is added to the recurring impacts from prior
years. Conversely, the time-limited tax and fee changes are confined to each year and are held
constant throughout the Outlook.
Trust Fund Transfers (GAA)...The nonrecurring transfers to the General Revenue Fund are
positive adjustments to the dollars otherwise available and are held constant each year.
Unlike the budget drivers that are linked to identifiable issue areas, the revenue
adjustments make no assumptions regarding the nature of the change (e.g., the specific
amount by tax, fee, or trust fund source).
Rec
2024-25
NR
2025-26
Continuing Tax and Fee Changes
(134.8)
Recurring Impact of Prior Years' Tax and Fee Changes
Total
29.8 (105.0) (134.8)
(134.8)
Rec
NR
Total
Rec
2026-27
NR
Total
29.8
(105.0)
(134.8)
29.8
(105.0)
(134.8)
(269.6)
(269.6)
Time-Limited Tax and Fee Changes
-
Trust Fund Transfers (GAA)
Total
(134.8)
(541.5) (541.5)
19.7
19.7
(492.0) (626.8)
(541.5) (541.5)
-
(541.5)
(541.5)
(269.6)
19.7
(492.0)
19.7
19.7
19.7
(761.6)
(404.4) (492.0)
(896.4)
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