Senate President talks about real problems to solving state’s budget woes

FY17 Budget and Revenue Overview

Where the money comes from

Source: COGFA FY17 Revenue Estimate (Revised March 2017)

$31.4 billion

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billionSpending: $34.4 billion

Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Current FY17 budget: Where the money goes

Revenues: $31.4 billionSpending: $34.4 billion

Deficit: -$3.0 billionSource: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Total spending pressures for FY17

Revenues: $31.4 billion

Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

Spending: $34.4 billion

Total spending pressures for FY17

Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

$4.3 BILLION IN ADDITIONAL SPENDING

PRESSURES

Total spending pressures for FY17

Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

$4.3 BILLION IN ADDITIONAL SPENDING

PRESSURES

Total spending pressures for FY17

Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

$4.3 BILLION IN ADDITIONAL SPENDING

PRESSURES

Total spending pressures for FY17

Revenues: $31.4 billionSpending: $38.7 billion

Deficit: -$7.3 billionSource: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)

$13,000,154,828.91

Unpaid Bill Backlog (2016 – 2022 est.)

Dec-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-220

5

10

15

20

25

30

35

40

45

50

Back

log

in $

Billi

ons

$11 Bil-lion

$14Billion

Source: GOMB 5-Year Budget Forecast

$21Billion

$28Billion

$34Billion

$41Billion

$47Billion

Election Day, 2018$24 Billion

FY18 Estimated RevenueSenate Bill 9

(Estimate includes $329 million in tax credits)

$5.66 Billion in new revenue($ in millions)

FY17 Budget and Revenue Overview