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Table of Contents
Main Report
Appendix 1: Spending Solutions
Appendix 2: All Other Solutions
May 17, 2024
The 2024‑25 Budget
Initial Comments on the
Governor’s May Revision
Appendix 2: All Other Solutions
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. |
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