State finally has a budget – but what happens next?
With little time to spare, Gov. Mike Easley signed a $14.747 billion state budget into law Monday hours after warning that he would veto the legislation because it was $421 million out of balance. Everyone in Raleigh promptly breathed a sign of relief that the looming government shutdown would not occur, and legislators weary from the two-month budget impasse began assessing how quickly they could wrap up the long session and go home. The best guess is that adjournment is two weeks or so away, certainly by the end of the month.

Lost amid the euphoria of the moment was the governor’s cold assessment that, by assuming economic growth of 3.5 percent in the year ahead and 5.5 percent in the second year of the biennium, the budget is built on unrealistic revenue expectations. Most everyone in the private sector believes the economy will grow about 3 percent in the second half of this year and about 3.75 percent next year. The way Easley ran the numbers, the higher growth estimates would leave the state $118.9 million in the red by this time next year, and $420.8 million down in two years. But he backed away from his threatened veto when legislators handed him a fig leaf in the form of legislation that, among other things, specifies he is free to tap the $150 million the budget earmarks for the rainy day fund to close the anticipated revenue gap.

There’s a complete spreadsheet view of the new budget at the end of this newsletter, but here are the highlights: It assumes the state will collect about $13.03 billion in taxes during the year that began July 1, plus $788 million in non-tax revenue. Changes in tax law enacted during the session – including maintaining the additional half-cent sales tax and maintaining the top income tax bracket at 8.25 percent – should generate another $877 million during the year. Together, that should produce $14.939 billion in revenues to spend, and the budget signed into law by the governor spends all but $163 million of it.
  
The budget allows two middle-class tax breaks to take effect as scheduled -- a child tax credit and an increase in the standard deduction for married couples. The budget gives state employees small raises – 1.8 percent for teachers and a one-time $550 bonus for more other state workers. That will cost $132 million. Plus, the budget earmarks $96 million for teacher performance bonuses.
 
Other highlights: A $113 appropriation into the State Employee Health Plan significantly shores up the fund, meaning state employees won’t face higher insurance co-pays. The Clean Water Management Trust Fund receives $62 million. The state’s rainy day fund gets a $150 million infusion and $50 million goes into the repairs and renovations fund for state buildings. Gov. Easley’s two educational initiatives received additional funding. The More at Four preschool initiative receives $8.6 million in additional money. The plan also provides $25.3 million for his plan to reduce class size. There is no money for the One North Carolina Fund for economic development.
 
The final budget is the smallest of the three spending plans proposed. It’s $607 million less than the one the governor submitted to the legislature back on March 5. It’s $182 million less than the budget passed by the House on April 17 and $301 million less than the budget passed by the Senate on April 30. The budget Easley signed had been adopted Sunday in the Senate by a 26-19 party-line vote. The House approved the budget early Monday morning by a vote of 76-39. See "How They Voted."


Many major issues remain unresolved
Legislative leaders say they hope to adjourn the 2003 General Assembly in a little more than two weeks, which means some major issues will be resolved – or perhaps left hanging – in a short time.  Several issues NCCBI has been advocating for the business community remain up in the air, so the next few days will be intense. Below is a review of important bills that remain on the table, and the status of each one:

 Timely Environmental Permit Process (S. 945) allows a business to go forward and begin construction or modifications to an existing facility prior to obtaining an air quality permit. It does not change any air quality standard or allow a facility to operate without meeting all state and federal requirements and receiving all needed permits. Strongly supported by NCCBI, the bill has passed the Senate and is currently pending in the House Committee on Finance.

 Superintendent of Public Instruction Appointed (S. 568) calls for a vote of the people to make a change in the state constitution to make the Superintendent of Public Instruction an appointed rather than an elective position. The pending legislation calls for a vote in November 2003 and, if approved, the governor would appoint the superintendent. Strongly supported by NCCBI and the Education: Everybody’s Business Coalition, the bill has passed the Senate and is currently pending in the House Committee on Rules.

 Local Option Project Development Financing (S. 725/H. 1293) would allow local governments to use a new financing mechanism to invest in public infrastructure. It is a way for public investment to pay its own way, and is designed to attract private sector investment and stimulate economic development. This change requires a constitutional amendment and the legislation proposes that the amendment be placed on the ballot in November 2004. The measure is strongly supported by NCCBI, the N.C. Economic Developers Association and local chambers of commerce. The Senate bill has passed the bill and it is pending in the House Committee on Rules. The House bill is pending in the House Committee on Finance.

 Session Limits (S. 3) would limit legislative sessions to 135 calendar days during a long session and 60 days during a short session. It is a constitutional amendment and if passed by the General Assembly would require a vote of the people. Strongly supported by NCCBI, local chambers of commerce, the Education: Everybody’s Business Coalition and others, the bill has passed the Senate and is currently pending in the House Committee on Rules.

 Qualified Business Venture Tax Credit (H. 1294) – This bill extends until Jan. 1, 2007, the tax credit to help small, high-tech, start-up companies that is scheduled to expire at the end of the year. An amendment added to the bill in the Senate also extends the State Ports Tax Credit until Jan. 1, 2009. Both the Qualified Business Venture Tax Credit and the State Ports Tax Credit are strongly supported by NCCBI and others. The bill has passed the House and been approved by the Senate Committee on Finance. It is scheduled to be debated by the full Senate on July 8.

 N.C. Moving Ahead Transportation Initiative (S. 48) redirects $700 million in transportation funds (approved in the 1996 bond issue) to be used for highway maintenance, to widen narrow lanes and shoulders, improve congestion, replace deficient bridges and upgrade public transportation. The funds will be used to benefit both urban and rural areas of the state and help relieve congestion and improve safety. Strongly supported by NCCBI, NCGo! and others, the bill has passed the House and is currently pending in the Senate Committee on Transportation.

 Just Compensation/Local Government Taking (H. 429) outlaws the use of amortization and mandates that just compensation be paid to all businesses when local governments require the removal of legally erected building, structures, outdoor advertising and items of personal property attached to land. Strongly supported by NCCBI, the N.C. Outdoor Advertising Association and others, the bill has passed the House and is currently pending in the Senate Judiciary I Committee.

 Ensure Access to Healthcare (H. 809) addresses concerns about the high cost of medical malpractice insurance by proposing several reform measures, including a cap on non-economic damages, a reasonable limit on contingency fees and reforming the collateral source rule. A Senate Select Committee on Insurance and Civil Justice Reform has held a series of informational sessions on this issue but has taken no action on the legislation. The House has not yet considered this issue. NCCBI, the N.C. Hospital Association, the N.C. Medical Society, the N.C. Health Care Facilities Association and others support this legislation. The House bill is pending in the House Committee on Rules.

In addition to those bills, NCCBI continues to closely follow and lobby for passage of bills implementing recommendations by the Governor’s Efficiency Commission, which was chaired by former NCCBI chair Jim Hyler of Raleigh. Here is where those bills stand:

 Deferred Retirement Option Program (S. 817) would allow retirees with special expertise to return to work without penalty. The bill has passed the Senate Committee on State Government, Local Government and Veterans’ Affairs and is currently pending in the Senate Committee on Pensions and Retirement.

 State Government Sales Tax Exempt (S. 100) would allow a sales and use tax exemption for state agencies instead of a sales and use tax refund to state agencies. The Efficiency Commission recommended this change as well as making the same change for public schools and local governments. Work is proceeding to identify a source of revenue to provide this option for public schools and local governments. This bill, which applies only to state agencies, has passed the Senate, been approved by the House Committee on Finance and is on the House calendar for consideration.

 Combine State Safety Programs (S. 807) is currently a blank bill that would combine worker safety programs found in the Industrial Commission and the Department of Labor. There are a number of questions concerning the consolidation and it is expected that this issue will require additional study before legislative action is taken. The bill is currently pending in the Senate Committee on State Government, Local Government and Veterans’ Affairs where it was sent after it was filed.

 Consolidate Administrative Functions (S. 805/H. 1052) requires consolidation of administrative and support functions in areas of high concentrations of state facilities and requires that state agencies present plans for consolidation to the General Assembly by May 1, 2004. The Senate bill passed the bill, which is now pending in the House Committee on Rules. The companion House bill is also pending in the House Committee on Rules.

 DMV-NCDL/Registration Extensions (S. 804) extends vehicle registration to two years and drivers license renewal to eight years. DOT has raised a number of questions about this issue that need to be resolved before the bill is enacted. No action has been taken on the bill, which is pending in the Senate Committee on Finance.

 Reduce the Scope, Size and Numbers of Boards and Commissions (S. 924/H.1067) calls for a review of all state boards and commissions over a four-year period and calls for recommendations on reducing the scope, size and numbers of boards and commissions. The Senate bill is pending in the Senate Committee on Rules and the House bill is pending in the House Committee on Rules. It is anticipated that this proposal will be included in the studies bill at the end of the session.

 Consider Sale or Lease of State Property (S. 809/H.1053) directs the Department of Administration to review its inventory of state-owned property and recommend property that should be sold or leased to the private sector. The Senate bill is pending in the Senate Committee on Rules. The House bill is pending in the House Committee on State Government. A provision was included in the budget bill (H. 397, Section 6.8) which “establishes a state-owned property disposal system that will continuously identify state-owned surplus real property, evaluate that property, and dispose of the property as appropriate. Unless otherwise provided by law, the clear proceeds of the sale of state-owned real property shall be credited to the General Fund.”

 Controller’s Fee (S. 813) bill establishes a process and a fee for a statewide accounts receivable program. The bill has passed the Senate and is currently pending in the House Committee on Finance.

 Use of State Property / Blount Street Historic District (S. 819) addresses the use of state-owned property in the Blount Street Historic District. The bill has passed the Senate and is currently pending in the House Committee on Rules. The bill was discussed in House Rules on June 3, but no action was taken.

 Statewide Benefit Committee Established (H.1068) establishes a statewide state employee benefit committee to evaluate and provide a menu of portable supplemental benefits for all state employees. A provision to address this was included in the Senate version of the budget bill. However, it was deleted in the final budget bill that was adopted on June 30. The bill is pending in the House Committee on State Government.

State Government
DOT pledges financial support for Charlotte’s light rail system
State Transportation Secretary Lyndo Tippett has signed an agreement pledging the DOT’s financial support of the Charlotte Area Transit System's (CATS) proposed South Corridor Light Rail project. This agreement says DOT will contribute 25 percent towards the total cost of the construction of the proposed 9.6-mile light rail system that will run south from uptown Charlotte to Interstate 485. It shows the state's strong commitment to the project, giving CATS an advantage as it seeks competitive federal funds. A portion of the funding for this agreement would come from N.C. Moving Ahead!, a $700-million transportation program announced by Gov. Mike Easley in February and approved by the House in May. If passed by the General Assembly, this program would allow the department to invest $70 million in public transportation - a substantial portion of which would go toward regional rail systems in Charlotte, the Triangle and Triad. 

The agreement with CATS pledges (subject to legislative appropriations) about $93 million towards the $371 million total cost of the system. This commitment will allow CATS to secure the remaining funds from the federal government. The project is now in the final design phase, which includes right-of-way acquisition, utility relocation, preparation of final construction plans, cost estimates and bid documents. The South Corridor Light Rail line in Charlotte is expected to be operational by 2006. In March, DOT signed the nation's first-ever state full funding agreement with the Triangle Transit Authority (TTA) pledging about $200 million towards the $813 million total cost of a 35-mile regional rail system linking Raleigh, Cary, Research Triangle Park and Durham.

Satellite TV providers threaten lawsuit over sales tax
Two satellite TV providers -- Hughes Electronic Corp.'s DirecTV Inc. unit and EchoStar Satellite Corp.'s Dish Network unit – said they will sue North Carolina unless it refunds $30 million in taxes the state collected from their customers. The $30 million comes from the 5 percent sales tax the General Assembly imposed on satellite TV service last year. The levy was imposed to level the playing field with cable TV providers. DirecTV and Dish Network said the state sales tax is an unconstitutional restraint on interstate commerce. The two companies are suing Ohio over a similar tax.

Work begins on widening I-85 in Durham
The N.C. Department of Transportation will begin improving 2.1 miles of Interstate 85 from east of Cole Mill Road to west of Broad Street in Durham County on Monday, July 7. The improvements will include widening this section to eight lanes, adding auxiliary and ramp lanes, replacing several bridges and improving some area roads. During construction, motorists can expect lane closings, various detours and delays. Two lanes of traffic in each direction will remain open on I-85 during peak travel times (6 a.m. to 8 p.m., Monday through Friday), and during holidays and holiday weekends. The $66.6 million project has been awarded to Granite Construction Co. of Roswell, GA, and is expected to be complete in early 2007. The work is part of the ongoing project to widen 9.7 miles of I-85 from the Orange/Durham County line to north of Midland Terrace Road and east of Cheek Road on U.S. 70.

Briefly Noted: The N.C. Department of Transportation will open the U.S. 64 Williamston Bypass from U.S. 17 south of Williamston to the U.S. 13/17 Bypass on Wednesday, July 2. The 1.9-mile bypass is a four-lane divided highway with controlled access. Construction began on the Williamston Bypass in fall 2000. The contract was awarded to Barnhill Contracting Co. for $14.2 million. The bypass will improve traffic in Williamston and will reduce travel time estimated five for motorists traveling to the Outer Banks. This project will also aid in hurricane evacuations.


New Laws on the Books
Change in UI law simplifies benefits for domestic abuse victims
Gov. Mike Easley signed into law S. 439 Omnibus Employment Security Commission Changes, a measure which specifies that an individual who leaves his job due to a disability or health condition for himself, a minor child, an aged or disabled parent or a disabled member of the individual’s immediate family can claim unemployment insurance benefits once they are able to re-enter the work force. The law previously allowed only the employee to receive benefits if a health condition required the employee to seek a new type of work. Victims of domestic violence were required by law to present a 50B court order to establish benefits eligibility. Under the new law, the ESC can now accept official records or files from law enforcement, court or a federal agency; documentation from a domestic violence or sexual assault program; or a religious, medical, or other professional from whom the claimant has sought assistance in dealing with the alleged domestic violence, sexual abuse or stalking. Spouses of military personnel who are re-assigned to a new base are no longer penalized for relocation. Previously, the spouse was disqualified from benefits for five weeks. The bill also reduces the penalty for non-military spouses who leave work to accompany a relocated spouse from five to two weeks. Another important aspect of this law is in protecting the employer’s liability by non-charging these benefits to the employer’s tax account. These provisions do not change the claimant’s responsibility to actively seek work as a condition of their eligibility for benefits. In addition, an amendment to the law allows part-time workers to seek part-time work rather than full-time employment if they are laid off from part-time work. If a claimant has earned wages from part-time work, the claimant may reenter the work force as a part- time employee. Nearly one-third of North Carolina’s work force is part time. It is estimated that by allowing workers to seek part-time work, the unemployment trust fund and the employer community will save about $12 million in 2004.

Other bills signed into law recently by Gov. Easley: S. 656 Innovative Educational Initiatives, which permits high schools, community colleges and public and private colleges and universities to establish cooperative high schools. Among the goals of this law are to curb dropout rates and increase high school and college graduation rates.


Economic Development
Wilmington pursuing GE Nuclear corporate headquarters
Published reports say General Electric is considering moving its Nuclear Energy corporate headquarters to the East Coast and New Hanover County may offer a $500,000 incentive bid to lure it there. The Wilmington Morning Star reported Tuesday that if the corporation relocates from San Jose, Calif., to the GE campus just outside Wilmington, it would bring about 200 employees to the area over a three-year period and generate millions in local taxes. Scott Satterfield, CEO of Wilmington Industrial Development, said he is asking county commissioners to offer an incentive package that includes a $250,000 initial grant and another $250,000 after 100 people are in the renovated space. An incentive package from the state also is in the works, the article said.

BoA adding 350 jobs in High Point
Bank of America Corp. said it will expand its mortgage loan servicing operation in the Triad, bringing about 350 new jobs to High Point, the bank said Tuesday. The expansion would expand the bank’s total employment in High Point to 1,850 and to more than 2,250 across the Triad. Bank of America said the expansion would require a $2.5 million infrastructure improvement to its Triad Center facility.


Legal Beat
Wilkesboro Speedway loses tax appraisal case
Even though the loss of the two NASCAR races it once hosted has deprived the North Wilkesboro Speedway of most of its business, the race track must pay taxes on an appraised value of $7.1 million, a three-judge panel of the N.C. Court of Appeals ruled Monday. In appealing the valuation imposed by the state Property Tax Commission, the speedway said the loss of its NASCAR races reduced the property’s value to $2.8 million.


NCCBI News
Speakers, location add up to great meeting for YEF
NCCBI's Young Executives Forum held one of its best meetings ever on Friday, June 27, at the Pine Needles Reception Center in Southern Pines. Bill Coley, retired President of Duke Power, told the group that while it is important to have aptitude for a job, it is more important to have "heart" when dealing with life situations. His eloquent speech was featured in the "Lessons from a Leader" segment of the program and was a highlight of the day. Mary Clara Capel, NCCBI board member and administrative director of Capel Inc., Caleb Miles of the area CVB, and Katie Morris of the N.C. Pottery Center were on a panel discussing various aspects of the diversified Sandhills economy. The grand finale was a discussion by Pat McGowan, director of instruction at Pine Needles, and the renowned and beloved Peggy Kirk Bell, owner of the resort. They discussed the growth of golf as a business and how the sport has changed over the years. The duo blended humor with practical information about the game, and Bell (fresh from giving a morning lesson) even obliged with a few free tips for better golfing techniques. The next meeting of the Young Executives Forum will be held Friday, Sept. 5, in Charlotte. For more information about joining the Forum, contact Julie Woodson, NCCBI director of governmental affairs, at 919-836-1402 or jwoodson@nccbi.org.  

Dates, locations finalized for fall Area Meetings
The NCCBI staff, under the leadership of Chair Sue Cole of Greensboro, will visit 19 cities across the state in September and October during the association’s fall Area Meetings. The dates and locations for those meetings now have been set and are detailed in the chart below. All NCCBI members are invited to attend one or more of the events. A brochure will arrive in your mail soon that you can use to register to attend the meeting of your choice. Please refer to the schedule below for the date of the meeting in your city. Please notice that the meetings are scheduled by geographic region. That means that if a schedule conflict prevents you from attending your local meeting, there’s a good chance of catching one the next day in a town not far away.

Names in the News
Duncan installed as president of bar association
Allyson Duncan of Raleigh, a partner in the Kilpatrick Stockton law firm, was installed as the 109^th president of the N.C. Bar Association. Also, Kilpatrick Stockton attorney Ted Edwards became chair of the state bar’s Young Lawyers Division. A recent nominee to the Fourth Circuit U.S. Court of Appeals whose Senate confirmation hearing went smoothly, Duncan served on the state Court of Appeals in the early 1990s before being appointed to the state Utilities Commission. She is the first African-American to head bar association..

 Graham T. Moore Jr. of Fayetteville was appointed by Gov. Mike Easley to the N.C. State Licensing Board for General Contractors. Moore is vice president of marketing for the Coastal Carolina division of APAC-Atlantic Inc. He is on the board of directors for the Carolina Asphalt Pavement Association and is a member of the local board of directors for First Union National Bank. Moore has been on the board since 1998.

How They Voted on the Budget
Senate Democrats pushed the budget through that chamber in a 26-19, party-line vote. The tally wasn’t as clear-cut in the House, where the vote was 76-39. Here’s a breakdown of the House vote:

Ayes: Reps. Adams; Alexander; Allen, B.; Allen, G.; Allen, L.; Baker; Barnhart; Bell; Black; Bonner; Bordsen; Brubaker; Carney; Church; Coates; Cole; Crawford; Culpepper; Daughtridge; Decker; Dickson; England; Farmer-Butterfield; Fox; Gibson; Glazier; Goforth; Goodwin; Gorman; Grady; Hackney; Haire; Hall; Harrell; Hill; Holliman; Howard; Hunter; Insko; Jeffus; Johnson, C.; Jones; Justice; Kiser; LaRoque; Lucas; McAllister; McComas; McGee; McLawhorn; Michaux; Miller; Miner; Morgan; Nesbitt; Nye; Owens; Parmon; Rapp; Ross; Sauls; Saunders; Sherrill; Stiller; Sutton; Tolson; Wainwright; Warner; Warren; Weiss; Williams, A.; Williams, K.; Wilson, G.; Womble; Wright; Yongue.

Noes: Reps. Allred; Barbee; Blackwood; Blust; Bowie; Capps; Creech; Culp; Daughtry; Dockham; Eddins; Ellis; Frye; Gillespie; Gulley; Hilton; Holmes; Johnson, L.; Justus; Lewis; Luebke; McCombs; McHenry; McMahan; Mitchell; Moore; Munford; Pate; Preston; Ray; Rayfield; Rhodes; Setzer; Stam; Starnes; Walend; Walker; West; Wilson, C.

Not Voting: Reps. Clary, Earle, Sexton. Exc. Absence: Reps Cunningham, Wood

Tracking Changes in the State Budget for the 2003-04 Fiscal Year			Governor's Proposal March 5	As Passed by House April 17	As Passed by Senate April 30	Compromise Accepted June 30
Education
Community Colleges System Office			$671,476,663	$659,110,455	$659,476,062	$660,927,719
Department of Public Instruction			6,086,682,250	6,017,691,217	6,029,629,683	6,035,050,302
UNC Board of Governors			1,836,352,141	1,761,408,589	1,794,573,717	1,792,141,661
Total Education			8,594,511,054	8,438,210,261	8,483,679,462	8,488,119,682
Health and Human Services
Office of the HHS Secretary			99,449,713	81,783,833	82,168,433	82,168,433
Division of Aging			28,585,838	27,535,838	27,685,838	27,685,838
Division of Blind Services/Deaf/HH			9,533,508	9,302,670	9,302,670	9,302,670
Division of Child Development			267,002,174	250,943,174	259,017,167	259,017,167
Division of Education Services			33,168,936	31,606,862	31,806,862	31,806,862
Division of Facility Services			14,442,802	9,442,530	10,071,055	12,256,792
Division of Medical Assistance			2,538,978,314	2,270,544,822	2,269,060,187	1,987,409,086
Division of Mental Health			581,275,947	577,021,583	576,408,911	577,290,247
NC Health Choice			37,317,907	45,057,907	50,368,030	49,484,279
Division of Public Health			130,648,960	123,425,475	125,791,904	124,177,475
Division of Social Services			184,886,538	176,728,674	176,189,220	179,178,674
Division of Vocational Rehabilitation			40,645,338	39,798,384	40,042,124	40,042,124
Total HHS			3,965,935,975	3,643,191,752	3,657,912,401	3,379,819,647
Natural and Economic Resources
Agriculture and Consumer Services			51,041,728	49,214,757	48,477,909	48,495,356
Commerce			35,569,253	32,925,728	45,125,448	33,396,542
Commerce State-Aid			10,266,728	10,999,731	10,316,728	11,272,085
NC Biotech Center			5,883,395	5,883,395	5,883,395	5,883,395
Rural Economic Development Ctr.			4,658,607	4,425,677	4,491,587	4,658,607
Environment and Natural Resources			153,070,901	146,337,419	147,683,265	147,176,308
Clean Water Management Trust Fund			100,000,000	25,000,000	100,000,000	62,000,000
Department of Labor			13,936,595	13,265,001	13,265,454	13,265,454
Total Natural Economic Resources			374,427,207	288,051,708	375,243,786	326,147,747
Justice and Public Safety
Correction			985,276,327	940,840,075	940,198,075	940,246,590
Crime Control Public Safety			28,706,140	29,034,326	29,034,326	28,744,326
Judicial Department			310,319,781	303,251,883	303,317,883	304,340,731
Judicial Dept.- Indigent Defense			75,049,607	72,578,130	72,674,829	73,264,829
Department of Justice			73,508,002	70,673,310	70,673,310	71,041,310
Juvenile Justice Delinquency Prevention			135,679,902	130,313,473	130,910,473	130,313,473
Total Justice and Public Safety			1,608,539,759	1,546,691,197	1,546,808,896	1,547,951,259
General Government
Department of Administration			56,925,133	55,733,844	52,005,520	52,055,520
Office of Administrative Hearings			2,540,719	2,409,683	2,409,683	2,409,683
Department of State Auditor			10,847,686	10,243,471	10,293,801	10,293,801
Office of State Controller			10,046,077	9,694,464	9,694,464	9,694,464
Department of Cultural Resources			54,627,586	54,193,964	54,532,248	55,227,767
Roanoke Island Commission			1,720,952	1,500,000	1,634,905	1,634,905
State Board of Elections			3,123,646	7,439,982	7,439,982	6,837,797
General Assembly			42,858,926	41,561,463	41,561,463	41,561,463
Office of the Governor			5,112,108	4,856,503	4,976,503	4,976,503
Office of State Budget Management			4,428,558	4,176,537	4,211,805	4,211,805
OSBM – Reserve Special Appropriations			3,080,000	3,130,000	3,130,000	3,380,000
Housing Finance Agency			4,750,945	4,750,945	4,750,945	4,750,945
Department of Insurance			23,364,277	21,735,135	26,307,054	26,307,054
Insurance – Volunteer Safety Workers' Comp			4,500,000	4,500,000	4,500,000	4,500,000
Office of Lieutenant Governor			633,293	601,722	601,722	601,722
Revenue			76,720,217	73,501,897	73,964,774	74,930,766
Rules Review Commission			310,454	310,454	310,454	310,454
Secretary of State			8,210,304	7,754,229	7,857,198	8,057,198
Department of State Treasurer			8,063,750	9,141,727	7,575,029	7,575,029
Treasurer – Retirement Fire/Rescue Squad Workers			7,131,179	7,181,179	7,181,179	7,481,179
Total General Government			328,995,810	324,417,199	324,938,729	326,798,055
Transportation
Department of Transportation			12,842,163	11,429,525	11,429,525	11,429,525
Reserves, Adjustments and Debt Service
Reserve for Compensation Increases				132,350,000	141,350,000	132,050,000
Reserve for State Health Plan			0	72,000,000	113,418,000	113,418,000
Reserve for Retiree Health Benefits			0	36,800,000	36,800,000	36,800,000
Reserve, State Employees' Retire. Contribution				26,546,000	29,555,000	26,546,000
Reserve Transfer Various Benefit Plans				0	-86,250,000	-55,000,000
Contingency and Emergency			5,000,000	5,000,000	5,000,000	5,000,000
Reserve for Salary Adjustments			500,000	500,000	500,000	4,500,000
MH, DD, SA Services Trust Fund			0	10,000,000	15,000,000	12,500,000
Reserve to Implement HIPPA			0	2,000,000	2,000,000	2,000,000
State Surplus Real Property System			0	250,000		250,000
Commission on Medicaid Reform			0	500,000		250,000
General Debt Service			430,130,765	387,785,920	387,785,920	387,785,920
Federal Reimbursement			1,155,948	1,155,948	1,155,948	1,155,948
Total Current Operations – General Fund			15,322,038,681	14,929,940,708	15,048,827,667	14,747,521,783