2023-24 2024-25
Opening Balance, July 1 $ 7,073,240,000 $ 3,801,023,000
Revenues
Taxes $ 21,053,894,000 $ 21,682,272,500
Departmental Revenues
Tribal Gaming Revenues 0 0
Other 796,892,000 674,013,700
Total Available $ 28,924,026,000 $ 26,157,309,200
Appropriations, Transfers, and Reserves
Gross Appropriations $ 22,741,633,500 $ 21,117,367,400
Transfers to:
Building Program 1,657,354,900 0
PFAS Trust Fund 110,000,000 0
Local Government Fund 0 1,563,380,000
Innovation Fund 0 303,000,000
Transportation Fund:
EV Sales Tax 39,300,000 55,100,000
0.25% Transfer 48,112,000 51,700,000
Other 555,523,900 0
Compensation Reserves 311,180,900 397,930,000
Less Lapses -340,102,200 -468,283,100
Net Appropriations $ 25,123,003,000 $ 23,020,194,300
Balance
Gross Balance $ 3,801,023,000 $ 3,137,114,900
Less Required Statutory Balance -100,000,000 -105,000,000
Net Balance $ 3,701,023,000 $ 3,032,114,900
SUMMARY OF APPROPRIATIONS -- ALL FUNDS
2023-24 2024-25
General Purpose Revenue $ 22,741,633,500 $ 21,117,367,400
Federal Revenue $ 14,165,760,400 $ 13,936,225,600
Program (12,833,045,700) (12,761,054,600)
Segregated (1,332,714,700) (1,175,171,000)
Program Revenue $ 7,471,676,100 $ 7,404,046,100
State (6,451,402,000) (6,381,976,500)
Service (1,020,274,100) (1,022,069,600)
Segregated Revenue $ 5,098,902,700 $ 5,885,419,400
State (4,908,820,000) (5,717,584,400)
Local (145,971,600) (123,706,600)
Service (44,111,100) (44,128,400)
GRAND TOTAL $ 49,477,972,700 $ 48,343,058,500
SUMMARY OF COMPENSATION RESERVES -- ALL FUNDS
2023-24 2024-25
General Purpose Revenue $ 311,180,900 $ 397,930,000
Federal Revenue 66,376,100 79,117,100
Program Revenue 116,493,800 138,855,000
Segregated Revenue 65,481,200 78,050,400
TOTAL $ 559,532,000 $ 693,952,500
LOTTERY FUND SUMMARY
2023-24 2024-25
Opening Balance and Reserve $ 54,894,500 $ 18,616,900
Gross Revenue
Total Ticket Sales $ 930,674,400 $ 930,674,400
Retailer Fees and Miscellaneous 170,200 170,200
Total Gross Revenue $ 930,844,600 $ 930,844,600
Expenses - SEG
Prizes $ 583,812,100 $ 583,812,100
Administrative Expenses 23,567,000 23,580,800
Total SEG Expenses $ 607,379,100 $ 607,392,900
Expenses - GPR
Administrative Expenses $ 88,724,800 $ 88,724,800
Net SEG Proceeds $ 323,465,500 $ 323,451,700
Total Available for Property Tax Relief
Opening Balance $ 54,894,500 $ 18,616,900
Net SEG Proceeds 323,465,500 323,451,700
Interest Earnings 3,460,000 1,282,000
Gaming-Related Revenue 0 0
Total Available for Tax Relief $ 381,820,000 $ 343,350,600
Property Tax Relief $ 363,203,100 $ 324,733,700
Gross Closing Balance $ 18,616,900 $ 18,616,900
Reserve (2% of Gross Revenues) $ 18,616,900 $ 18,616,900
Net Closing Balance $ 0 $ 0
20.005(2)(2) State borrowing program summary. The following schedule sets forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b) following] SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2023-25 BIENNIUM
Agency and Purpose Amount
GENERAL OBLIGATIONS
Administration
Energy Conservation Projects $ 25,000,000
Housing state agencies 39,878,000
Natural Resources
SEG revenue supported facilities 30,568,900
State Fair Park Board
Self-amortizing facilities 12,350,000
