Budget summary numbers as they head into negotiations
Below is the summary of important aspects of both the House and Senate 2010 Supplemental Operating Budgets. While we like the fact that the House cuts were so much smaller than the Senate, unfortunately the Revenue package they approved last night (early this morning), also raised $177 million less than they anticipated in their budget. When you look at these numbers, it is clear the major places for negotiations to take place are in the new revenue and cuts categories.
All the more reason to continue to let your Senator or Representative know that we need " more reform and revenue, not more cuts".
|
New Revenue* |
Cuts |
Federal Funds |
|
| House |
$680 million |
$605 million |
$641 million |
|
| Senate |
$890 million |
$838 million |
$583 million |
|
|
|
|
|
|
|
Fund Transfers |
Ending Fund Balance |
|
| House |
$550 million |
$424 million |
|
|
| Senate |
$498 million |
$523 million |
|
|
|
|
|
|
|
| * The House budget assumed $857 million in new revenue, the
Senate Budget assumed $918 million |
Posted by:
Doug Nelson on 3/9/2010 at 3:03:00 PM
2010 Session
,
Budget & Taxes