May 2020
Comparing LAO Spring and Administration's May Revision Estimates of the Guarantee
(In Millions)
LAO Spring Outlook | Difference From May Revision | ||||||
May Revision | U-Shaped Scenario | L-Shaped Scenario | U-Shaped Scenario | L-Shaped Scenario | |||
2018-19 | $78,740 | $78,508 | $78,508 | -$231 | -$231 | ||
General Fund | 54,746 | 54,493 | 54,493 | -252 | -252 | ||
Local property tax | 23,994 | 24,015 | 24,015 | 21 | 21 | ||
2019-20 | $77,374 | $78,328 | $77,846 | $954 | $473 | ||
General Fund | 52,352 | 53,370 | 52,926 | 1,018 | 574 | ||
Local property tax | 25,022 | 24,958 | 24,921 | -64 | -101 | ||
2020-21 | $70,490 | $73,884 | $69,100 | $3,395 | -$1,390 | ||
General Fund | 44,872 | 48,031 | 43,318 | 3,159 | -1,553 | ||
Local property tax | 25,618 | 25,853 | 25,782 | 235 | 164 | ||
Three-Year Totals | $226,603 | $230,720 | $225,455 | $4,117 | -$1,148 | ||
General Fund | 151,969 | 155,893 | 150,737 | 3,924 | -1,232 | ||
Local property tax | 74,634 | 74,827 | 74,718 | 193 | 84 |