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Reliance On Non-Recurring Resources Reduced From 6% to 2%

(In Thousands)

The chart below summarizes the use of non-recurring resources, including the one-time anticipation of revenues and trust fund balances, offsets to existing appropriations, federal stimulus funds, and debt restructuring. As a percent of the total State Budget, the reliance on non-recurring solutions of this type declined from 6 percent in the Fiscal 2011 Appropriations Act to 2 percent

proposed in the Fiscal 2012 Governor’s Budget Messag

Spend Down Opening Surplus

e.

FY 2010

FY 2011

FY 2012

Approp. Act

Approp. Act

Budget

$234,000

$202,345

$45,963

$83,000 $620,000 $200,000 $100,000 $80,000 $75,000 $20,000 $10,000 $2,000

$25,000

$6,400

$1,800

$4,900

Re ve n u e - Re l a t e d In i t i a t i ve s Income Tax: $400k - $500k

  • >

    $500k

>$1m Property Tax Deduction Corporation Business Tax 4% Surcharge State Disability Benefit Fund Workers Compensation Security Fund New Home Warranty Fund Unemployment Insurance Auxiliary Fund Universal Services Fund Medical Malpractice Fund Unclaimed Personal Property Escheats - Reform Earned Income Tax Credit (EITC) - TANF Funding Global Warming Solutions Fund State Recycling Fund Securities Enforcement Fund Cable TV Universal Access Carryforward Hazardous Discharge Site Cleanup Fund Motor Vehicle Commission Commercial Vehicle Enforcement Fund Workplace Standards - Licenses, Permits and Fines Subtotal, Revenue-Related Initiatives

$1,191,800

$79,580 $39,000 $30,000 $7,000 $7,500 $5,600 $5,000 $4,300

$214,280

$20,000 $4,400

$50,000 $20,000 $2,000 $96,400

$226,000 $1,241,000 $490,000

$100,000

$155,000

$1,033,000

$94,000 $87,000 $60,000 $40,300 $33,000 $22,000 $20,000 $19,500 $13,000 $12,000 $8,000 $7,000 $7,000 $6,300 $6,000 $3,000

$107,300

$9,000

Debt Restructuring/Defeasance Federal Stimulus - State Stabilization/Other

Federal Stimulus - Federal Medical Assistance Percentage (FMAP)

Appropri ati on-Re l ate d O ffse ts Medicare Reimbursement for Dual Eligibles Furloughs Surplus Lines - Health Care Subsidy Fund FY10 Cost of Living Adjustment in FY11 Salary Program - Use of Carryforward Economic Development Authority - Invest NJ Newark Rent Renegotiations Group Health/Accident Insurance Assessment - Health Care Subsidy Fund General Assistance Retroactive Rebates Housing Mortgage Finance Agency - State Rental Assistance South Jersey Transportation Authority - Highway Maintenance New Home Warranty Fund Workers Compensation Security Fund - Workers Compensation Program Shore Protection Restoration Spill Compensation Fund - Passaic River Litigation Homeland Security Medicaid - Reduced State Payment "Clawback" Affordable Housing - State Rental Assistance Economic Development Authority - Main Street NJ Transit - Federal Preventive Maintenance Dental Fund - Use of Fund Balance Parks - No Net Loss Reforestation Act Funding Cultural Trust NJ Turnpike Authority - Maintenance and Transit Division of Family Development - TANF Balances Utilize Authorities Balances to Offset Debt Appropriations Medicaid & PAAD - Third Party Liability Recovery Addiction Programs - Payment Recovery Subtotal, Appropriation-Related Offsets

GRAND TOTAL

$2,395,100

$3,820,900

$78,000 $32,500 $22,000 $20,000 $12,000 $10,000 $4,000

$1,418,800

$1,835,425

$32,500

$4,400

$89,600 $31,200 $22,921 $6,472 $2,147 $353,240

$495,603

$28,990,484

$28,364,422

$29,420,063

13%

6%

2%

Total State Appropriation

63

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