1999 Act 4 500,000 0
Transfer to Tobacco Control Fund 23,500,000 0
Less Estimated Lapses -95,891,700 -118,987,100
Total Expenditures $11,299,892,000 $11,059,286,800
Balances
Gross Balance $550,993,800 $150,368,100
Less Required Statutory Balance -113,717,800 -134,139,300
Net Balance, June 30 $437,276,000 $16,228,800
*Reflects balance taken from the Annual Fiscal Report for 1998-99 dated October 15, 1999. Enrolled AB 133 assumed an opening balance of $714,970,000.
TABLE 8
Estimated 1999-01 General Fund Taxes
% of
Tax Source 1999-00 2000-01 Total Total
Individual Income $5,795,065,000 $5,343,763,400 $11,138,828,400 53.1%
Sales and Use 3,443,143,500 3,623,801,900 7,066,945,400 33.7
Corporate Income
and Franchise 645,703,200 639,562,400 1,285,265,600 6.1
Public Utility 244,105,000 219,950,000 464,055,000 2.2
Excise
Cigarette 238,000,000 233,000,000 471,000,000 2.3
Liquor and Wine 33,000,000 33,500,000 66,500,000 0.3
Beer ,300,000 9,300,000 18,600,000 0.1
Tobacco Products 9,575,000 9,600,000 19,175,000 0.1
Insurance Company 84,000,000 86,000,000 170,000,000 0.8
Estate 90,000,000 70,000,000 160,000,000 0.8
Miscellaneous 56,113,400 58,613,400 114,726,800 0.5
TOTAL $10,648,005,100 $10,327,091,100 $20,975,096,200 100.0%
TABLE 9
Estimated 1999-01 Departmental Revenues
(GPR-Earned Amounts)
1999-00 2000-01 1999-01
Administration $1,946,800 $2,791,800 $4,738,600
Agriculture, Trade & Consumer Protection 2,673,100 673,100 3,346,200
Board of Commissioners of Public Lands 122,300 126,800 249,100
Circuit Courts 26,000,000 26,000,000 52,000,000
Commerce 50,000 50,000 100,000
Corrections 7,099,600 7,099,600 14,199,200
Court of Appeals 225,000 225,000 450,000
Educational Communications Board 10,000 10,000 20,000
Employment Relations 100 100 200
Financial Institutions 15,456,400 15,369,600 30,826,000
Health and Family Services 34,188,500 33,979,500 68,168,000
Insurance 1,314,500 1,187,400 2,501,900
Interest Earnings 44,800,000 39,900,000 84,700,000
Justice 1,296,300 1,296,300 2,592,600
Military Affairs 1,000 1,000 2,000
Miscellaneous Appropriations 11,560,000 2,450,000 14,010,000
Natural Resources 8,545,000 8,853,000 17,398,000
Personnel Commission 3,000 3,000 6,000
Public Instruction 22,000 22,000 44,000
Public Service Commission 1,522,300 1,615,300 3,137,600
Recycling 15,000,000 7,000,000 22,000,000
Regulation and Licensing 1,415,300 1,171,300 2,586,600
Revenue 14,251,400 14,072,000 28,323,400
Secretary of State 41,700 31,000 72,700
Shared Revenue and Tax Relief 8,289,100 9,899,100 18,188,200
