Analysis of State Budget Trends by John Gilbert - Nov. 1, 2020
State Budget
Outlook
Multiyear Trend Analysis
John Gilbert
OMES Budget and Revenue Analyst
Nov. 1, 2020
General revenue fund trends
Revenue vs. expenditures (in millions)
General revenue fund sources
Trend-based projections (in millions)
General revenue growth
Five major sources (in millions, with % of change from prior year)
Total growth: Personal income tax, Corporate income tax, Gross production gas, Sales tax, Motor vehicle tax
Projections of GRF as a percentage of total tax
collections
PROJECTIONS USE AVERAGE RATES OF CHANGE CALCULATED FOR
TOTAL APPORTIONED AND GRF COLLECTIONS FROM PRIOR 12 YEARS
ACTUALS
PROJECTIONS
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This comprehensive analysis by John Gilbert, a Budget and Revenue Analyst, delves into the multiyear trend of state budget outlook, general revenue fund trends, sources, growth, and projections. The analysis includes comparisons between revenue and expenditures, trend-based revenue projections, growth of major revenue sources, and projections of the General Revenue Fund as a percentage of total tax collections based on historical data.
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Presentation Transcript
State Budget Outlook Multiyear Trend Analysis John Gilbert OMES Budget and Revenue Analyst Nov. 1, 2020
General revenue fund trends General revenue fund trends Revenue vs. expenditures (in millions)
General revenue fund sources General revenue fund sources Trend-based projections (in millions)
General revenue growth General revenue growth Five major sources (in millions, with % of change from prior year) Total growth: Personal income tax, Corporate income tax, Gross production gas, Sales tax, Motor vehicle tax
Projections of GRF as a percentage of total tax Projections of GRF as a percentage of total tax collections collections ACTUALS PROJECTIONS PROJECTIONS USE AVERAGE RATES OF CHANGE CALCULATED FOR TOTAL APPORTIONED AND GRF COLLECTIONS FROM PRIOR 12 YEARS
