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Legislative staff presents tight state budget; Medicaid and education drive spending pressure
Summary
Legislative budget staff presented a fiscal plan showing modest revenue growth, a $23.3M recommended supplemental appropriation, rapid Medicaid growth, and pressures on transportation and school-building funds that will complicate 1994 budgeting.
Legislative budget staff (identified in floor remarks as "Leo") gave the Senate a detailed overview of the state's general fund and uniform school fund outlook, emphasizing slow revenue growth in some areas and rapid cost pressures in programs such as Medicaid and education.
Leo reported a June 30, 1992 surplus of $4,852,000 and that the office had moved $1,612,000 of reserved surplus into the 1993 budget for projects that need appropriation. He said the office's 1993 revenue estimate for the general fund is $1,932,225,000. The presenter recommended a supplemental appropriation package totaling $23,311,000 and said $5,460,000 would be carried forward into 1994.
The presentation flagged several areas of pressure.…
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