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Summary of Changes to the Executive Budget 1998-99 Spending ($ in millions)

Staff Contact:
All Funds

Executive Budget (with 30-Day Amendments) 71,590
Legislative Actions:
   — Cuts (64)
   — Re-estimates (538)
   — Spending Increases 1,213
Budget as Enacted by Legislature: 72,201
Change from Executive Budget 611
Governor's Vetoes (763)
Enacted Budget (with Governor's Vetoes) 71,438
Change from Executive Budget (152)

Summary of Changes to the Executive Budget
General Fund
($ in millions)

DOB VALUES
1998-99 1999-00

Executive Budget Surplus/(GAP) Projections 0 (1,664)
Net Legislative Changes: 44 (1,477)
Legislature's Enacted Budget Surplus/(GAP): 44 (3,141)
Governor's Veto Actions: 622 1,018
Extra 1998-99 Year-end Surplus:(lowers out-year gap) 622
Post-Veto Surplus/(GAP) 666 (1,501)
Reduction is Outyear Gap From
Executive Budget After Vetoes:
163


1998-99 Reserves:
— Tax Stabilization Reserve Fund (TSRF) $400 Million
— Contingency Reserve Fund (CRF) $100 Million
— Debt Reduction Reserve Fund (DRRF) $50 Million
— Reserve for Future Needs $666 Million
Total Reserves: $1,216 Billion