Fiscal 2022 State General Fund, Enacted (Millions)

Alaska — Adjustments include: Prior-year appropriation lapses/reversions to the general fund; Transfers from other funds into the general fund; permanent fund dividends.

Arizona —The beginning balance represents the balance contemplated in the enacted budget, which does not take into account preliminary actuals for FY 2021. The actual beginning balance for FY 2022 will be the ending balance as indicated in the Fiscal 2021 Preliminary Actual row.

Arkansas — Total available revenue amounts are reported as net of refunds and special dedications/payments. 25% of the first $200M of the ending balance will be transferred to the State Highway and Transportation Department Fund. The remaining amount transferred to the General Revenue Allotment Reserve Fund. [Transfers from the ending balance were amended in statute during the 2021 Regular Session, where 25% of the first $200M over Revenue Stabilization will be transferred to the Department of Transportation and the remaining amount will be transferred to the General Revenue Allotment Reserve. Previous statute stated, 25% of any amount over Revenue Stabilization would be transferred to the Department of Transportation.]

California — Total Revenues reflect revenues before transfers and loans to/from the General Fund. Estimated cost recoveries for Fiscal 2022 for COVID-19 and wildfires are included as “revenue adjustments”. Revenue adjustments include $6,270.9 million in transfers and loans to/from the General Fund as well as $4,414.4 million in estimated cost recoveries for COVID-19 and wildfires. The ending balance includes the SFEU, but excludes the BSA, the Safety Net Reserve Fund, and the Public School System Stabilization Account (PSSSA). The excluded amounts are $15,781.4 million for the BSA, $900 million for the Safety Net Reserve Fund, and $4,506.4 million for the PSSSA at the end of FY 2022. Adding these amounts to the FY 2022 ending balance, the projected total balance is $28,341.5 million in FY 2022. The rainy day balance is made up of the SFEU, BSA, the Safety Net Reserve Fund, and the PSSSA however, withdrawals of mandatory deposits from the BSA are subject to provisions of Proposition 2, 2014.The ending balance includes a reserve for encumbrances of $3,175.1 million representing amounts which will be expended in the future for state obligations for which goods and services have been ordered/contracted, but have not been received by the end of the fiscal year. These amounts are shown as a reserve to the fund balance instead of a hit to the fund balance.

Colorado — Figures represent estimates as of September 2021, not as of budget enactment. Revenue Adjustment represents transfers to the general fund.

Connecticut — FY 2021 enacted budget reflects the adopted budget from Public Act 19-117 signed into law on June 26, 2019 that was amended by Public Act 19-1 of the December Special Session that was signed into law on December 19, 2019. Budget figures do not reflect current estimates as a result of COVID-19. FY 2021 Ending Balance includes revenue cap amount of $166.2 million. The revenue cap limits the amount of appropriations that can be made based on a certain percentage of revenue: 99.5% in FY 2020 & 99.25% in FY 2021. FY 2021 Rainy Day Fund balance includes a projected deposit of $301.5 million due to the volatility cap. Once the Rainy Day Fund reaches 15% of the following fiscal year’s expenditures, Connecticut statute requires funds in excess of the 15% to be transferred from the Rainy Day Fund to reduce the unfunded liability of the SERS Pension Fund or TRS Pension Fund, and to reduce bonded indebtedness. As of September 21, 2020, CT’s Office of Policy and Management is projecting a $2,024.9 million deficit for FY 2021. Rainy day fund balance includes ending balance. (1) FY 2021 Enacted Revenue: Included in the total revenue figure of $20,252.5 million, $1,571.5 million is included as Federal Grant Revenue. Without the $1,571.5 million in Federal Grant Revenue, the total revenue collected would be $18,681.0 million. (1) FY 2021 Enacted Revenue: Included in the total revenue figure of $20,252.5 million, $1,571.5 million is included as Federal Grant Revenue. Without the $1,571.5 million in Federal Grant Revenue, the total revenue collected would be $18,681.0 million. (2) Revenue figures reflect adopted budget.

Delaware — FY 2022 General Fund balance also includes $287.3 million in the Budget Stabilization Fund.

Florida — Revenue adjustments include trust fund transfers, reversions, and various other actions. We cannot project how much General Revenue will be spent in regard to federal funds provided for Coronavirus Relief in the 2022 fiscal year.

Georgia — Georgia is required by its constitution to maintain a balanced report. The fund balances for FY 22 reflects the enacted balanced budget and estimated revenues. Georgia does not project future Rainy Day fund balances; however, the current balance is the maximum legal limit and Georgia does not anticipate any utilization of the Rainy Day Fund beyond the statutorily mandated 1% mid-term adjustment for K-12 enrollment growth.

Hawaii — Adjustment in FY 2022 includes a $89 thousand transfer from non-general funds pursuant to Act 87, SLH 2021. General fund revenue total represents the most current estimates at the time of data collection (forecast dated 9/7/2021).

Idaho — Revenue adjustments: $94.2M for statutory/legislative transfers out, $110M transfer in from tax relief fund, $26M for tax conformity, $163M for tax relief, $.4M for legislation with revenue impact, $68.4M to the Transportation Expansion and Congestion Mitigation Fund and $1.8M for miscellaneous adjustments. Date of FY22 budget enactment is based on the first agency budget signed by the Governor. Each individual agency budget is voted on by the legislature and then signed into law by the Governor. It doesn’t happen all at once. The last budget through was signed on 5/17.

Illinois —Total revenues include $36,468M in state sources, $4,203M in federal, $1,697M in transfers in. Adjustments include $2,000M in ARPA reimbursement for essential government services. Total expenditures include $31,983M in appropriations, $9,363M in pension contributions, $2,149M in transfers out. Expenditure adjustments include -$1,189M in unspent appropriations, $928M in interfund borrowing repayment and $1,045M in MLF borrowing repayment.

Indiana — Expenditure adjustments include an estimated $22.0 million in unspent prior year reversions.

Iowa — Total Revenues are estimated as of the March 2021 Revenue Estimating Conference Meeting, adjusted -$97.1 million for legislative action. Revenue adjustment is $233.3 million estimated to be transferred to the General Fund after the Reserve Funds are filled to their statutory maximum amounts. Total Expenditures include an adjustment of $5.8 million to standing appropriations.

Kentucky — Revenue includes $103 million in Tobacco Settlement Funds. Revenue adjustments include $615.7 million that represents appropriation balances carried forward from the prior fiscal year, and $85.4 million from fund transfers into the General Fund. Expenditure adjustments include $770.6 in appropriation balances forwarded into the next fiscal year and budgeted balances to be expended in the next fiscal year.

Maine — Revenue and Expenditure adjustments reflect legislatively authorized transfers and lapses of unspent balances from prior years. Transfers in included $20 million in available balances in the liquor sales account and there was $78 million in lapsed balances from several Health and Human Services accounts. Transfers out included $10 million to support student aid, about $9 million to support indigent legal services and about $97 million for a property tax relief program that historically had been a budgeted GF expense. The 2022-2023 biennial budget was effectively enacted in two parts. The baseline budget was enacted first and signed by the Governor on 3-31-21. The remainder of the budget was enacted later and signed by the Governor on 7-1-21.

Maryland —Revenue adjustments include $31.9 million in transfers from tax credit reserves and $180.2 in estimated revenue loss due to the enactment of new legislation, primarily resulting in reduced personal income taxes due to the expansion of the Earned Income Tax Credit. Expenditure adjustments represent $35 million in reversions to the unappropriated General Fund balance. The FY 2022 Enacted starting balance does not match the FY 2021 Actual ending balance because the FY 2022 Enacted budget did not incorporate updated revenue and expenditure figures from FY 2021. The budget bill is enacted without the Governor’s signature in accordance with Article III, Section 52(6) of the Maryland Constitution.

Massachusetts — Data as of 8/27/21. General Fund is defined as all budgeted operating funds, adjusted for expenditures funded by federal reimbursements. This is to better align with spending reported in the State Expenditure Report and be more comparable to most other states, which book federally reimbursed expenditures in a separate federal fund; adjustments also account for certain transfers between budgeted funds.

Michigan — Revenue totals are net of payments to local governments and balance sheet adjustments.

Minnesota — Rainy Day Fund balance includes cash flow account of $350 million and a budget reserve of $1,786 billion. Includes stadium reserve of $135.841 million.

Mississippi — Adjustments to expenditures reflect statutory transfers and Reappropriations. The Governor signed appropriation bills from mid-April 2021 through June 2021.

Missouri — Revenue adjustments include transfers from other funds into the General Revenue Fund.

Nebraska — Revenue adjustments are transfers between the General Fund and other funds. These include a $297 million transfer from the General Fund to the Property Tax Credit Cash Fund. There was also $29 million in usual and customary transfers into the General Fund from other cash funds, and an $11 million Transfer from the General Fund to the Water Sustainability Cash Fund, along with $3.3 million to the Water Resources Cash Fund, which is included in the net receipts line. Also, a $50 million transfer from the General Fund to the Cash Reserve Fund to cover additional set-asides in the Cash Reserve Fund. In addition, there was a $100 million transfer from the General Fund to the Nebraska Capital Construction Fund to reserve for future Correctional Facilities needs. There was also a $535.2 million transfer to the Cash Reserve Fund for revenues in excess of the Certified Forecast for FY 2021.

Nevada — Revenue adjustments are restricted revenue, reversion, Rainy Day Fund transfers in and reserve transfers in. Expenditure adjustments are restricted transfers out.

New Hampshire — Expenditure Adjustments: The enacted budget bill for FY 2021 anticipated one time appropriations of $ 23.6 million in one time initiatives. Special Note: The carry forward ending balance for FY 2019 from the audited State of New Hampshire Comprehensive Annual Financial Report was $ 4.0 million less than the numbers estimated for the FY 2020-2021 Budget passed into law on October 1, 2019, causing the ending balance for FY 2021 to be presented as negative.

New Jersey — Revenue adjustments include transfers to other funds; transfer from Surplus Revenue Fund to General Fund.

New Mexico —The information in this row is based on accrual data through May 2021, the latest Consensus Revenue Estimating Group revenue projections, and the data is retrieved from the latest General Fund Financial Summary. Adjustments are net of reversions and transfers from other funds. Revenue adjustments include reversions. Expenditure adjustments include appropriations, expenditures and transfers out.

New York —The Rainy Day Reserve is projected to increase by $825 million after a deposit from the General Fund. Funds are expected to be transferred from the State Purposes Account to the Rainy Day Reserve Fund. Both the State Purposes Account and Rainy Day Reserve Fund are components of New York State’s General Fund. Revenue adjustment and expenditure adjustment reflect the expected receipt and expenditure of $4.5 billion in unrestricted Federal aid in FY 2022. While this funding is treated in the state budget as a general fund resource, it is displayed as an adjustment to be consistent with survey guidelines requesting federal funds be excluded from revenue and expenditure figures where possible.General Fund disbursements, including transfers to other funds and use of unrestricted federal aid, are expected to total nearly $89.0 billion in FY 2022, an increase of $14.9 billion (20.1 percent) from FY 2021 spending. FY 2022 spending includes over $3 billion for time limited recovery initiatives, a substantial School Aid increase, and Medicaid growth of roughly 6 percent. In addition, several transactions that were executed in FY 2021 lowered reported spending in that year. These included funding $2.7 billion of certain eligible health and public safety payroll costs from the CRF; temporary payment withholds that were authorized for release in FY 2021 but not paid until FY 2022; higher State share Medicaid savings from retroactive eFMAP processing; and the deferral of social security taxes from FY 2021 to FY 2022 and FY 2023, as provided in the CARES Act. Projected spending also reflects DOB’s cautious estimates of disbursements in each financial category, a practice that provides a cushion for potential receipts shortfalls and unanticipated costs.

North Carolina — Expenditure adjustments include transfers to various reserves including the Savings Reserve, State Capital and Infrastructure Fund, State Emergency and Disaster Reserve, Medicaid related Reserves, and various project reserves.

North Dakota — Revenue adjustments are transfers of $205.0 million from the strategic investment and improvements fund and $70.0 million from other special fund sources to the general fund.

Ohio — The negative revenue adjustment reflects the projected difference between federal revenues and federal expenditures in the general fund for the fiscal year. This change is needed to tie to the projected ending fund balance. The expenditure adjustment reflects prior year encumbrances. Federal reimbursements for Medicaid expenditures funded from the General Revenue Fund (GRF) are deposited into the GRF. Federal reimbursements for Medicaid expenditures from non-GRF sources are deposited into the appropriate federal fund. Expenditures of federal funds are not included in the General Fund number to be consistent with new NASBO survey guidelines.

Oklahoma — Amounts included in the Enacted FY22 revenues and expenditures represent actual Legislative appropriations. At this time adjustments to revenues (net cash flow reserve or other possible adjustments) cannot be calculated; nor can adjustments to expenditures be projected, such as a possible deposit into rainy day funds.

Oregon —Revenue adjustments include: a revenue adjustment for a statutory transfer to local governments for local property tax relief.

Pennsylvania — Revenue adjustments include refunds and lapses and $3.841 billion deposit of SLFRF dollars into the General Fund for revenue loss.

Rhode Island —Adjustments to revenues reflect a transfer of $140.8 million to the State Budget Reserve and Cash Stabilization Account (“Rainy Day Fund”).

South Carolina — Revenue Adjustments: $20.4M transfer from Litigation Recovery and $65.0M CARES Act reimbursements. Expenditure Adjustments: $18.7M transferred to General Reserve and $176.1M FY21 Capital Reserve to agencies. Ending Balance: Includes $1,733.9M Rainy Day Funds ($458.9M General Reserve, $183.6M Capital Reserve, and $1091.4M Contingency Reserve), and $679.4M in projected Carryforward Appropriations to FY23.

South Dakota — The beginning balance of $85.9 million and adjustment to expenditures reflects the prior year’s ending balance which is transferred to the rainy day fund.

Tennessee — Revenue adjustments: -$100 million transfer to Rainy Day Fund; -$250 million transfer to K-12 Mental Health Trust Fund; -$250 million transfer to Pension Trust Fund; -$0.5 million rounding adjustment. Expenditure adjustments: $900.2 million transfer to capital outlay projects fund; $12.0 million transfer to state office buildings and support facilities fund; $3.7 million transfer to debt service fund; $1.0 million transfer to reserves for dedicated revenue appropriations. Ending balance: $17.4 million undesignated balance.

Texas — $2,814.9 is a transfer to the ESF and State Highway to be allocated equally. Total Expenditures reflect Senate recommended GR appropriations.

Utah — FY 2022 revenue adjustments include transfers to the General Fund and Education fund and the amount set aside for economic development cash incentives. The increase in general fund expenditures for fiscal 2022 was driven in part by a fiscal year shift in some appropriations from fiscal 2020 to fiscal 2021 due to the income tax filing extension.

Vermont — This $1.2M deficit is as of the budget passing, however subsequent forecast updates from the economist (as well as estimates before the close of the legislative session) show an increase in GF revenue which more than offsets the -$1.1M displayed. The ending balance from FY21 of $103.6 was not included in the FY22 enacted budget as it was largely a result of an increase in actual FY21 revenue that occurred subsequent to FY22 budget enactment.

Virginia —Total revenues include transfers.

Washington —Revenue adjustments reflect the net of transfers in and out of the General Fund, as well as prior biennium recoveries and similar resource adjustments. Revenue figure reflects total general fund revenues, before transfers in and out of the general fund (which are included as adjustments).

West Virginia — FY 2022 enacted budget has a remaining unappropriated balance of $74.5 million available for supplemental appropriation.

Wisconsin — Revenue adjustments include Tribal Gaming, $0; and Other Revenue, $464.3m. Expenditure adjustments include Transfers, $428.6m; Lapses, -$219.0m; and Compensation Reserves, $41.9m.

Wyoming — The State of Wyoming budgets on a biennial basis, and to arrive at annual figures certain assumptions and estimates are required.