Introduction 2011-13 State Budget Because of the $3.6 billion deficit entering the 2011-13 budget cycle it was an extremely difficult process  We relied.

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Presentation transcript:

Introduction State Budget Because of the $3.6 billion deficit entering the budget cycle it was an extremely difficult process  We relied heavily on $2 billion in stimulus money from the federal government  Previous Administration postponed making difficult decisions We had to make difficult choices and limited options– just like you  Raise revenue (ie taxes)  Cut Spending  Return to one time fixes Raising revenue in this economy was not an option

Additional Challenges In addition to the budget deficit we faced these carry over “IOUs”:  Repay $234 million that was raided from the Patients Compensation Fund (court ordered repayment)  Overdue $65 million in reciprocity payments to Minnesota The previous Administration used much of the federal stimulus money to backfill K-12 education in the previous budget A weak economy and revenues made the task of balancing the budget extremely difficult

General Fund Condition Statement* July 1 st Opening Balance $73 Revenues (Taxes and Departmental Revenues) $14,392 Total Available $14,465 Net Appropriations $14,391 Gross Balance $74 Less Required Statutory Net Balance -$65 $9 * is the “base year” for construction of the budget.

Tax and Fee Changes in Budget Repair Bill and Budget Prior to passage of the budget the legislature cut General Fund (GPR) taxes by $55.2m this year and $62.0m next year. Thus the Budget Repair and Budget combined to produce net GPR tax and fee cuts of $140.8m. There were 25 tax and 15 fee changes in the budget. Only 12 had a biennial impact, up or down, or more than $1m and a majority of those were fee changes. The bulk of fee increases ($111.4m) comes from a 5.5% UW tuition increase. It should be noted that the budget actually capped the increase at the 5.5% rate which was already approved by the Board of Regents. It is the first time we have capped tuition in the budget.

All Funds

Fund Source General Purpose Revenue Federal Revenue Program Revenue Segregated Revenue Bond Revenue Total $29,027,930,800 $19,078,556,300 $8,725,083,600 $7,492,356,300 $1,731,700,900 % Total 44.0% 28.9% 13.2% 11.3% 2.6%

General Fund Taxes

Tax Source Individual Income Sales & Use Corporate Income Public Utility Insurance Company Excise *Cigarette/Tobacco * Liquor/Wine/Beer $14,090,233,000 $8,656,870,000 $1,757,925,000 $697,200,000 $297,000,000 $1,354,300,000 $114,300,000 % of Total 52.0% 32.0% 6.5% 2.6% 1.1% 5.0%.4%

General Fund Appropriations

General Fund Appropriations By Functional Area Functional AreaAmount% of Total Education$12,881,454, % Human Relations/Resources$8,879,227, % Shared Revenue/Tax Relief$4,342,420, % Environmental Resources$497,887,7001.7% General Executive$1,399,765,9004.8% General Appropriations$392,896,3001.3% Miscellaneous: Compensation Reserves, Judicial and Legislature $773,201,7002.2%

General Fund Appropriations By Purpose Aid to Individuals/Organizations $6,509,520, % State Operations$7,792,975, % Local Assistance$14,725,435, %

State Revenues and Federal Appropriations GF TaxesOther GF Revenues & Transfers Federal Appropriations $10,063$316$4, $10,020$1080$5, $10,199$415$5, $10,739$409$6, $11,396$410$6, $12,030$804$6, $12,618$592$6, $13,042$737$7, $12,113$560$7, *$12,131$819$10, *$12,925$803$8, **$13,927$674$9, **$13,779$613$9,481

County & Municipal Aids MunicipalityPercentage Change to 2011 Aid Amount Change to 2011 Aid Washington County-25.0%-$120,452 City of West Bend-15.0%-$197,473 Town of West Bend-25.0%-$19,984 Town of Addison-25.0%-$14,435 Town of Jackson-25.0%-$15,170 Town of Trenton-25.0%-$19,034 Town of Polk-25.0%-$16,854 Village of Slinger-25.0%-$28,101 Village of Richfield-25.0%-$43,031 Village of Jackson-25.0%-$70,647

Estimated 2012 General Transportation Aid Payments Municipality2011 Actual Aid 2012 Projected Aid Amount Change to 2011 Aid* Percent Change to 2011 Aid* Washington County$2,241,370$2,017,233-$224, % City of West Bend$1,545,716$1,391,145-$154, % Town of West Bend$96,472 $00.0% Town of Addison$136,652 $00.0% Town of Jackson$125,248$125,348$00.0% Town of Trenton$139,531 $00.0% Town of Polk$122,786 $00.0% Village of Slinger$185,859$167,273-$18, % Village of Richfield$309,357 -$00.0% Village of Jackson$323,263$290,937-$32, %