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Differences
Between Revenues in Governor's and House-Passed Budgets |
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Difference in REVENUES Gov vs.
HB1 |
2010-2011 HB1-Gov Diff GF |
Difference in REVENUES Gov vs.
HB1 |
2010-2011 HB1-Gov Diff ED |
2010-11 HB1-Gov Diff TOT |
Notes on Diff |
| |
010 GENERAL FUND (GF)
: |
|
040 EDUCATION FUND: |
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| 1 |
Business Profits Tax (BPT)
|
-46,956 |
Business Profits Tax |
-9,800 |
-56,756 |
|
| 2 |
Business Enterprise Tax (BET) |
12,700 |
Business Enterprise Tax |
25,200 |
37,900 |
|
| 3 |
Subtotal Diff GF BPT+BET |
-34,256 |
Subtotal Diff ED BPT+BET |
15,400 |
-18,856 |
|
| 4 |
Tobacco Tax |
-55,668 |
Tobacco Tax |
22,900 |
-32,768 |
Lower because of $.62 fed SCHIP tax |
| 5 |
Meals & Rooms Tax |
-26,000 |
Meals & Rooms Tax |
0 |
-26,000 |
|
| 6 |
Real Estate Transfer Tax |
-8,948 |
Real Estate Transfer Tax |
-4,600 |
-13,548 |
|
| 7 |
Racing & Games of Chance |
2,400 |
Trans fr Charity Game/Racing |
-30 |
2,370 |
|
| 8 |
Tobacco Settlement |
41 |
Tobacco Settlement |
0 |
41 |
|
| 9 |
Communications Tax |
-9,600 |
|
|
??? |
|
| 10 |
Other |
-3,448 |
Transfer from Lottery |
-22,400 |
??? Believe new winning tax in surplus
statement |
| 11 |
Utility Consumption Tax |
-1,200 |
Utility Property Tax |
-5,000 |
|
| 12 |
Board & Care Revenue |
-79 |
Statewide Property Tax |
0 |
|
| 13 |
Liquor Sales |
32,500 |
|
|
??Savings to revenue in
Liquor Comm |
| 14 |
Court Fines & Fees |
17,900 |
|
|
Reallocation of some
traffic fines |
| 15 |
Interest & Dividends Tax |
24,000 |
|
|
Includes $75m capital
gain add; old = $51m less than Gov |
| 16 |
Estate Tax |
10,000 |
|
|
New |
|
| 17 |
Insurance Tax |
5,100 |
|
|
.5% rate decrease in Gov
eliminated by House |
| 18 |
Securities Revenue |
0 |
|
|
|
| 19 |
Beer Tax |
0 |
|
|
|
| 20 |
SUBTOTAL Diff GF |
-47,258 |
|
|
|
| 21 |
Medicaid Enhancement Tax |
21 |
|
|
|
| 22 |
Medicaid Recoveries |
17,216 |
|
|
House $14m increased drug
rebates estimates (??) put here |
| 23 |
SUBTOTAL Medicaid GF |
17,237 |
|
|
|
| 24 |
TOTAL DIFF GEN FUND |
-30,021 |
TOTAL DIFF ED FUND |
6,270 |
|
| 26 |
TOT Diff GEN+ED FUNDS |
-23,751 |
|
|
|
Major House GF Revenues or Cost
Savings Adds vs. Gov in the House-Passed Surplus Statement |
|
|
|
| -11.5 |
Schedule 2 - ARRA Medicaid FMAP
$11.5m less than Gov. in final House (so not a savings) but $ more than 3-20
DHHS est |
| 73.7 |
Schedule 2 - "Unallocated State
Fiscal Stabilization Fund" $73.7m more than Gov |
|
| 13.0 |
Schedule 2 - $13m House GF cut to OIT from Gov (probably not realistic) |
|
| 8.6 |
Schedule 2 - Raise retirement
contribution for all rather than new employees = $8.6m more GF savings than Gov |
| 37.8 |
Schedule 2 - 1.25% across the board
GF reduction = $37.8m more than
Gov |
|
| 121.6 |
Total Major House Rev/Cost Savings Adds |
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