How we filled the $8 Billion budget gap Changes from Initial GRF Baseline to Executive Budget Proposal (FY12 & FY13) * - Medicaid Related Change from Initial Baseline (State and Federal) (FY12 - $1,133,890,000) (FY13 - $1,090,360,000); Change in Federal Medicaid Reimbursement (FY12 - $611,020,000) (FY13 - $416,820,000); Tax Receipts-Expansion of Medicaid Managed Care Program (FY12 - $52,930,000) (FY13 - $94,820,00); Net Spending Changes from Initial Baseline (FY12 - $916,840,000) (FY13 $921,610,000) ** - Local Government Fund Change (FY12 - $180,000,000) (FY13 - $399,000,000); Public Library Fund Change (FY12 - $62,000,000) (FY13 - $65,000,000); CAT-Phase Out Hold Harmless (FY12 - $289,700,000) (FY13 - $589,200,000); CAT Hold Harmless GRF Subsidy Reduction (FY12 - $235,900,000) (FY 13 - $187,600,000); Kilowatt Hour Tax Phase Out Hold Harmless (FY12 - $105,400,000) (FY13 - $120,200,000) *** - Revenue Revision Tax Sources (change in base) (FY12 - $381,800,000) (FY13 - $440,200,000); Revenue Revision Policy Changes (FY12 - $12,200,000) (FY13 - $13,500,000); Non-Tax Revenue Revisions (FY12 - $8,900,000) (FY13 - $6,350,000) **** - Debt Restructuring (FY12 - $440,000,000); Debt Baseline Change (FY12 - $33,370,00) (FY13 $6,410,000); FY11 Payment of Assumed Lapses ($567,080,000); Loss of Federal Revenue on Assumed Lapses (FY12 - $280,280,000); Non-GRF Payment of Unemployment Compensation Interest (FY12 - $110,000,000) (FY13 $193,000,000); Net Changes in Transfers (FY12 - $41,280,000) (FY13 - $39,080,000); Liquor Enterprise Income (FY12 - $500,000,000); Prison Sale Income (GRF only) (FY 12 - $50,000,000); Liquor Profit Phase Out (FY12 - $69,500,000) (FY13 - $139,000,000)
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