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100 JOURNAL OF PROCEEDINGS [Dec. 17
Based on the General Fund revenue projections in the preceding table,
following is a comparative table of the present and revised General Fund
revenue and appropriation account for the current Fiscal Year Ended
June 30, 1970.
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|
Present
Budget
Estimate
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Revised
Estimate
|
|
|
—$ Thou
|
sands—
|
|
Estimated General Fund Surplus, July 1, 1969............
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5,833
|
5,833
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|
Plus—Estimated General Fund Revenue Receipts
Fiscal Year 1970
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|
|
|
Income Taxes—Individuals............................
Income Taxes—Corporations ........................
Retail Sales and Use Taxes............................
Franchises, Excises, Etc.................................
Federal Title XIX Recoveries........................
|
388,330
42,331
233,100
122,816
36,400
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410,770
43,350
238,300
134,151
36,400
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|
Total..........................................................
|
822,977
|
862,971
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|
Total Available........................................
Less—Estimated General Fund Expenditure
Fiscal Year 1970
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828,810
|
868,804
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Total Appropriations......................................
Less Reversions ..............................................
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796,739
7,500
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796,739
7,500
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Net Expenditures............................................
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789,239
|
789,239
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Estimated General Fund Surplus, June 30, 1970..........
|
39,571
|
79,565
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Following is an overall analysis of General Fund Revenues for the
Fiscal Years 1968, 1969, 1970 and 1971.
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|
Fiscal
Year
1968
Actual
|
Fiscal
Year
1969
Actual
|
Fiscal
Year 1970
Revised
Estimate
|
Fiscal
Year
1971
Estimate
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|
Income Taxes
|
|
— $Tho
|
usands —
|
|
|
Individuals..................................
Corporations ..............................
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270,306
32,459
|
312,855
43,642
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410,770
43,350
|
422,235
53,400
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Total........................
Retail Sales and Use Taxes..........
Franchise Taxes, Excises, Fees....
Federal Title XIX Recoveries......
|
302,765
145,855
100,118
17,771
|
356,497
162,414
116,129
29,903
|
454,120
238,300
134,151
36,400
|
475,635
257,400
141,283
40,000
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|
Grand Total............
Plus 6/30/70 Revised Surplus.....
|
566,509
|
664,943
|
862,971
|
914,718
79,565
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|
Total Available for Fiscal 1971
|
|
|
|
994,283
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Attached is a detailed table of these revenues covering the Fiscal
Years 1967 to 1972.
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