HARRY HUGHES, Governor

563

Estimated Funds Reserved for
Budget Operations - July
1, 1980.................                                            $125,659,038*

* Includes $125,287,025 of General Fund Surplus and
$372,0 13 of Undistributed Dedicated Special Fund
Revenue.

Less:

Revenue                         adjustment

Supplemental Budget No.
1, dated March 1, 1979:
Loss of income tax

revenue associated

with changes in

standard deduction SB

928 and/or HB 1685 (34,000,000)
Payment of unclaimed

income tax refunds to

local subdivisions HB

72                                                       ( 6,000,000)

Loss of sales and use

taxes associated with

repeal of 2% tax on

manufacturers

equipment and farm

machinery purchases (10,800,000)
Loss of sales and use

taxes associated with

SB 925 and/or HB 1688

which reduces fuel and

utility sales tax by

50%                                                           (17,500,000) (68,300,000)

Revenue                            adjustment

Supplemental Budget #3,
dated March 23, 1979:
Loss of income taxes

associated with

amendments to SB 928

and/or HB 16 85

increasing standard

deduction from 10% to

15%                                                           (20,000,000)

Loss of racing revenue

associated with SB 794

and/or HB 611 and/or

HB 1307 and SB 1059 ( 4,296,000) ( 24,296,000)

Revenue                            adjustment

Supplemental Budget #4,
dated March 28, 1979: