State Budget Update: March 2006
Revised FY 2006 Revenue Estimates
Posted 7 April 2006.
Table 2. Revised FY 2006 Revenue Estimates |
|
State |
Revision Date |
Millions
of Dollars |
Percentage |
Comments |
|
Alabama |
January 2006 |
$192.0 |
12.2% |
|
|
Alaska |
March 8, 2006 |
$1,300.0 |
50.0% |
|
|
Arizona |
January 2006 |
$741.0 |
9.4% |
|
|
Arkansas |
July 27, 2005 |
N/R |
2.6% |
|
|
California |
N/R |
$1,700.0 |
2.0% |
The forecast also was revised upward by 3.6% in November 2005. |
|
Colorado |
December 2005 |
$35.0 |
0.5% |
The forecast was revised downward by 0.6% in September 2005. |
|
Connecticut (N/A) |
|
|
|
|
|
Delaware |
Dec. 19, 2005 |
$29.0 |
1.0% |
The forecast also was revised upward by 0.4% on Sept. 16, 2005. |
|
Florida (N/A) |
|
|
|
|
|
Georgia |
January 2006 |
$282.0 |
1.7% |
|
|
Hawaii |
March 6, 2006 |
$140.0 |
9.5% |
The forecast also was revised upward by 6% on Sept. 2, 2005. |
|
Idaho |
January 2006 |
$39.0 |
1.8% |
The forecast also was revised upward by 5.4% in August 2005. |
|
Illinois |
Mid-February |
$424.0 |
1.6% |
The forecast also was revised upward by 0.4% on Nov. 3, 2005. |
|
Indiana |
Dec. 14, 2005 |
-$44.8 |
-0.4% |
|
|
Iowa |
Dec. 12, 2005 |
$41.3 |
0.8% |
The forecast also was revised upward by 0.7% on Oct. 14, 2005. |
|
Kansas |
Nov. 4, 2005 |
$221.0 |
4.5% |
|
|
Kentucky |
Dec. 22, 2005 |
$31.3 |
0.4% |
The forecast also was revised upward by 2% on Oct. 15, 2005. |
|
Louisiana |
Feb. 17, 2006 |
$402.0 |
6.0% |
The forecast was revised downward by 12.7% on Oct. 28, 2005. |
|
Maine |
March 1, 2006 |
$1.9 |
0.1% |
The forecast also was revised upward by 4% on Nov. 21, 2005. |
|
Maryland |
March 2006 |
$114.0 |
0.9% |
The forecast also was revised upward by 4.4% in September 2005 and again by 2% in December 2005. |
|
Massachusetts |
October 2005 |
N/R |
2.9% |
|
|
Michigan (N/A) |
|
|
|
|
|
Minnesota |
Feb. 28, 2006 |
N/R |
N/R |
FY 2006 revenues are down $156 million, but up $281 million for FY 2007. In actuality, revenues are up in both fiscal years, but all new health impact fee revenue for FY 2006 and FY 2007 will be counted as revenue in FY 2007, rather than in the year collected, due to a court appeal. For the biennium, revenues are up $125 million (0.04% of the general fund budget). The forecast previously had been revised upward on Nov. 30, 2005. |
|
Mississippi |
March 15, 2006 |
$248.0 |
6.2% |
The forecast also was revised upward by 3.6% on Nov. 8, 2005. |
|
Missouri |
December 2005 |
$245.8 |
3.0% |
|
|
Montana |
December 2005 |
$253.0 |
8.1% |
|
|
Nebraska |
Feb. 24, 2006 |
$26.0 |
0.8% |
The forecast also was revised upward by 5.1% on Oct. 28, 2005. |
|
Nevada (N/A) |
|
|
|
|
|
New Hampshire (N/A) |
|
|
|
|
|
New Jersey (N/A) |
|
|
|
|
|
New Mexico |
Jan. 21, 2006 |
-$102.0 |
N/R |
Revenue estimates were revised downward in December and down again in January largely because of fluctuations in oil and gas prices. The net revision was down $102 million from the October estimate. |
|
New York |
January 2006 |
$756.0 |
1.4% |
The forecast also was revised upward by 0.8% on Oct. 30, 2005. |
|
North Carolina |
March 2006 |
$475.0 |
2.8% |
|
|
North Dakota (N/A) |
|
|
|
|
|
Ohio (N/A) |
|
|
|
|
|
Oklahoma |
Feb. 17, 2006 |
$386.9 |
7.1% |
|
|
Oregon |
March 1, 2006 |
$373.0 |
6.7% |
The forecast also was revised upward on Nov. 23, 2005. |
|
Pennsylvania |
Feb. 8, 2006 |
$363.4 |
1.5% |
|
|
Rhode Island |
Nov. 10, 2005 |
N/R |
1.9% |
|
|
South Carolina |
Feb. 17, 2006 |
$150.0 |
2.5% |
The forecast also was revised upward by 4.5% on Nov. 10, 2005. The cumulative effect of the two revenue revisions is a 7% increase over the enacted general fund budget. |
|
South Dakota |
Feb. 23, 2006 |
$28.4 |
2.8% |
|
|
Tennessee |
Dec. 6, 2005 |
N/R |
N/R |
|
|
Texas (N/A) |
|
|
|
|
|
Utah |
Feb. 16, 2006 |
$412.0 |
10.1% |
|
|
Vermont |
Jan. 15, 2006 |
$16.6 |
1.5% |
|
|
Virginia |
Feb. 20, 2006 |
$177.1 |
1.2% |
|
|
Washington |
February 2006 |
$107.0 |
0.4% |
The forecast also was revised upward by 1.2% on Nov. 17, 2005. |
|
West Virginia |
January 2006 |
$233.0 |
7.0% |
The forecast also was revised upward by 1% in September 2005. |
|
Wisconsin |
January 2006 |
-$7.5 |
0.0% |
|
|
Wyoming |
Jan. 10, 2006 |
$26.0 |
3.0% |
The forecast also was revised upward by 12% in October 2005. |
|
Number of States |
41 |
|
|
|
N/A = Not applicable: the forecast has not been revised (nine states).
N/R = No response (six states).
Source: National Conference of State Legislatures, March 2006. |
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Posted April 2006.
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