Highlights of the Governor’s Proposed FY2021 Budget

OVERVIEW

The Governor’s proposed FY2021 budget (“the budget”) totals $10.2 billion, an increase of $224M over the enacted FY2020 budget. This includes $4.2 billion in general revenue ($170M more than 2020) and $3.3 billion in federal funds ($2.2M less than 2020), with the balance from restricted receipts ($349M, $38M more than 2020) and other sources such as lottery revenue ($2.3 billion, $19M more than 2020). We have highlighted proposals in several areas that are important to the fiscal health of the state and its residents.

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