May 17, 2024


The 2024‑25 Budget

Initial Comments on the
Governor’s May Revision

Appendix 2: All Other Solutions


 Table As PDF

Appendix 2, Figure 1

All Other Solutions Proposed in the 2024‑25 May Revision

General Fund (In Millions)

Type

Description

2023‑24

2024‑25

Cost Shift

Capital Annex Project—shift funding from cash to bonds

‑$500

$950

Cost Shift

Loans to the General Fund from special funds

607

Cost Shift

Extend repayment schedule for current loans

250

Cost Shift

Shift General Fund expenditures for Civil Rights Department to special fund

10

Reserve Withdrawal

Withdrawal from BSA mandatory balance

3,126

Reserve Withdrawal

Withdrawal entire Safety Net Reserve balance

900

Revenue Related

Suspend business tax credits and net operating loss deductions

900

Revenue Related

Managed Care Organization tax increase

690

Revenue Related

Clarifies existing law on apportionment factor

100

116

Revenue Related

Conform to federal changes for charitable conservation easements

70

Revenue Related

Fee for certain public hospital intergovernmental transfers

37

Revenue Related

Eliminate intangible drilling cost expensing tax expenditure

11

Revenue Related

Eliminate percentage depletion tax expenditure for fossil fuels

11

Revenue Related

Eliminate bad debt deduction for lenders and retailers’ affiliates

3

Totals

‑S400

$7,681

BSA = Budget Stabilization Account.