Presentation is loading. Please wait.

Presentation is loading. Please wait.

FY 2013 Budget Recommendations GOVERNOR GARY R. HERBERT DECEMBER 12, 2011.

Published byIsaac Leonard Modified over 9 years ago

Similar presentations

Presentation on theme: "FY 2013 Budget Recommendations GOVERNOR GARY R. HERBERT DECEMBER 12, 2011."— Presentation transcript:

1 FY 2013 Budget Recommendations GOVERNOR GARY R. HERBERT DECEMBER 12, 2011

2 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS VISION FOR THE STATE Utah will lead the nation as the best performing economy and be recognized as a premier global business destination

3 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS OVERVIEW GENERAL FUND/EDUCATION FUND ONGOING REVENUE Total State Budget$12.9b (includes federal funds) General Fund/Education Fund$5.1b (state tax dollars only) New FY 2012 GF/EF One-Time$128.2m New FY 2012 GF/EF Estimate$279.5m

4 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS Source of State Funds GENERAL FUND AND EDUCATION FUND: FY 2013

5 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS Source of All Funds ALL SOURCES OF FUNDING: FY 2013

6 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS Uses of State Funds GENERAL FUND AND EDUCATION FUND: FY 2013

7 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS Uses of All Funds ALL SOURCES OF FUNDING FY 2013

8 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS CONSENSUS REVENUE HISTORIC REVENUE ESTIMATES

9 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS BUDGET ON PRINCIPLE THE FOUNDATION FOR ECONOMIC PROSPERITY PAY AS WE GO LIVE WITHIN OUR MEANS AVOID EXCESSIVE DEBT PREPARE FOR A RAINY DAY

10 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS BUDGET ON PRINCIPLE NO NEW TAXES ELIMINATE STRUCTURAL IMBALANCE ($52m) MAINTAIN RAINY DAY BALANCE ($232.5m) MAINTAIN AAA BOND RATING THE FOUNDATION FOR ECONOMIC PROSPERITY

11 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS FOUR CORNERSTONES ESSENTIAL FOR RETURN TO ECONOMIC PROSPERITY EDUCATION JOB GROWTH ENERGY UTAH SOLUTIONS

12 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 1 st CORNERSTONE EDUCATION An educated workforce is critical for a prosperous economy GOAL: 66% of adult Utahns will have a post-secondary degree or professional certification by 2020

13 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 1 st CORNERSTONE EDUCATION POLICY PRIORITIES Reading proficiency by end of 3 rd grade Increase post-secondary course completion for high school students Align education with workforce and marketplace demands TOTAL: $3.25b for public and higher education combined

14 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 1 st CORNERSTONE EDUCATION $111m new funds for public education, maintain base ($2.5b) Public education growth, $40.6m Early intervention programs, $10m BUDGET PRIORITIES – PUBLIC EDUCATION

15 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 1 st CORNERSTONE EDUCATION Expand online career counseling through utahfutures.org, $500k Expand individualized student technology, $12m Charter school startup funding, $2m Raise WPU 1% to increase teacher salaries BUDGET PRIORITIES – PUBLIC EDUCATION

16 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 1 st CORNERSTONE EDUCATION $23m new funds, maintain base ($750m) Higher education growth, $3m Performance measures, $5m Additional 20 medical school student slots, $6.5m BUDGET PRIORITIES – HIGHER EDUCATION

17 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 2 nd CORNERSTONE JOBS Accelerate private sector job creation GOAL: 100,000 jobs in 1,000 days

18 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 2 nd CORNERSTONE JOBS Strengthen and grow existing Utah businesses, both urban and rural Increase innovation, entrepreneurship, and investment Increase national and international business Prioritize education POLICY PRIORITIES

19 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 2 nd CORNERSTONE JOBS BUDGET PRIORITIES Reduce unemployment insurance rate; employer tax decrease of $26.4m Expand Business Expansion and Retention (BEAR) program to all rural counties, $300k Business recruitment, $500k Workforce job search, training, and retraining, $20.5m Example: Accelerated Credentialing to Employment (ACE) program for Veterans ($1m)

20 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 3rd CORNERSTONE ENERGY Innovation + Initiative = ENERGY INDEPENDENCE GOAL: Ensure access to affordable, reliable and sustainable energy

21 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 3rd CORNERSTONE ENERGY POLICY PRIORITIES Responsible energy resource development Policies and practices to improve air quality Innovation for energy efficiency and development

22 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 3 rd CORNERSTONE ENERGY BUDGET PRIORITIES Energy Development Office, $700k Appropriate public land access Reasonable permitting Aggressively pursue innovations for energy efficiency and development

23 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 4 th CORNERSTONE UTAH SOLUTIONS Continue to find Utah solutions for Utah problems

24 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS 4 th CORNERSTONE UTAH SOLUTIONS POLICY PRIORITIES Medicaid, additional $156.5m (total=$448m from GF) Supplemental funding for State Parks, $2.8 m $30.6m new money for Public Safety and Corrections (total=$412.6m) $60m new money for transportation, infrastructure maintenance

25 VISION OVERVIEW CONSENSUS REVENUE PRINCIPLES CORNERSTONES: EDUCATION JOBS ENERGY UTAH SOLUTIONS FOUR CORNERSTONES ESSENTIAL FOR RETURN TO ECONOMIC PROSPERITY EDUCATION JOB GROWTH ENERGY UTAH SOLUTIONS

26

Download ppt "FY 2013 Budget Recommendations GOVERNOR GARY R. HERBERT DECEMBER 12, 2011."

Similar presentations

Council for Education Policy, Research and Improvement CEPRI Projects Presentation to State Board of Education February 17, 2004.

Council for Education Policy, Research and Improvement CEPRI Projects Presentation to State Board of Education February 17, 2004.
FY16 Budget Discussion 11/03/14

FY16 Budget Discussion 11/03/14
FY2016 Budget Priorities Goal 1: High Quality Instruction Evaluate instructional initiatives and align funding to deliver a rigorous, relevant instructional.

FY2016 Budget Priorities Goal 1: High Quality Instruction Evaluate instructional initiatives and align funding to deliver a rigorous, relevant instructional.
Trustees Academy August 30, 2010 Indiana Commission for Higher Education HIGHER EDUCATION FUNDING IN INDIANA: THE ROLE OF THE INDIANA COMMISSION FOR HIGHER.

Trustees Academy August 30, 2010 Indiana Commission for Higher Education HIGHER EDUCATION FUNDING IN INDIANA: THE ROLE OF THE INDIANA COMMISSION FOR HIGHER.
Improving Educational Outcomes Jackie Dowd Special Assistant to the Governor for Career Innovation Indiana Association of Public School Superintendents.

Improving Educational Outcomes Jackie Dowd Special Assistant to the Governor for Career Innovation Indiana Association of Public School Superintendents.
Setting a Context for Fiscal Year 2009 Budget Development Illinois Board of Higher Education October 2007.

Setting a Context for Fiscal Year 2009 Budget Development Illinois Board of Higher Education October 2007.
CONNECTICUT FY 2016 - FY 2017 BIENNIUM GOVERNOR’S BUDGET DANNEL P. MALLOY, GOVERNOR February 26, 2015.

CONNECTICUT FY FY 2017 BIENNIUM GOVERNOR’S BUDGET DANNEL P. MALLOY, GOVERNOR February 26, 2015.
GOPB 2010 GENERAL SESSION BUDGET REVIEW Phillip Jeffery, Deputy Director for the Governor’s Office of Planning & Budget Association of Government Accountants.

GOPB 2010 GENERAL SESSION BUDGET REVIEW Phillip Jeffery, Deputy Director for the Governor’s Office of Planning & Budget Association of Government Accountants.
> Tom Corbett, Governor Ronald Tomalis, Secretary of Education | Beverly Mackereth, Acting Secretary of Public Welfare Early Learning in Pennsylvania Today.

> Tom Corbett, Governor Ronald Tomalis, Secretary of Education | Beverly Mackereth, Acting Secretary of Public Welfare Early Learning in Pennsylvania Today.
The U.S. Public Workforce System An Overview. Overview: The Workforce System and its evolution Defining today’s innovation economy WIRED Initiative and.

The U.S. Public Workforce System An Overview. Overview: The Workforce System and its evolution Defining today’s innovation economy WIRED Initiative and.
Breaking with Tradition: Measuring the Economic Impact of Higher Education Presentation to the Budgeting for Results Commission Meegan Dugan Bassett October.

Breaking with Tradition: Measuring the Economic Impact of Higher Education Presentation to the Budgeting for Results Commission Meegan Dugan Bassett October.
SMART STATE STRATEGY MICHAEL TENNANT Principal Policy Advisor Smart State Strategy Unit Department of the Premier and Cabinet

SMART STATE STRATEGY MICHAEL TENNANT Principal Policy Advisor Smart State Strategy Unit Department of the Premier and Cabinet
Reinvestment In California’s Higher Education System Educating our Workforce Keeping our Promise Orange County Business Council April 15, 2015.

Reinvestment In California’s Higher Education System Educating our Workforce Keeping our Promise Orange County Business Council April 15, 2015.
International Partnership Meeting Thursday, January 17, 2013 Washington D.C. 1.

International Partnership Meeting Thursday, January 17, 2013 Washington D.C. 1.
Mid-Shore CEDS Committee Meeting January 6, 2010.

Mid-Shore CEDS Committee Meeting January 6, 2010.
John Roberts State Budget Director State Association of Accountants, Auditors and Business Administrators April 21, 2015 Michigan Growing Stronger.

John Roberts State Budget Director State Association of Accountants, Auditors and Business Administrators April 21, 2015 Michigan Growing Stronger.
2013 Annual Strategic Action Plan Evaluation. Overview Background Role of SAP Implementation Evaluation process Council feedback Enhancement of SAP.

2013 Annual Strategic Action Plan Evaluation. Overview Background Role of SAP Implementation Evaluation process Council feedback Enhancement of SAP.
INVESTING IN FAMILIES National Economic Development and Law Center INNOVATIVE SOLUTIONS FOR BUILDING PROSPEROUS COMMUNITIES CHILDREN, YOUTH AND FAMILIES.

INVESTING IN FAMILIES National Economic Development and Law Center INNOVATIVE SOLUTIONS FOR BUILDING PROSPEROUS COMMUNITIES CHILDREN, YOUTH AND FAMILIES.
CAREER PATHWAYS An Introductory Overview DEFINITION  A series of connected education and training programs and support services that enable individuals.

CAREER PATHWAYS An Introductory Overview DEFINITION  A series of connected education and training programs and support services that enable individuals.
Pennsylvania’s 21 st Century Workforce Initiatives.

Pennsylvania’s 21 st Century Workforce Initiatives.

Similar presentations

Ads by Google