Managing the Budget in Good Times and Bad
NCSL Spring ForumApril 24, 2009
Speaker Robbie WillsArkansas House of Representatives
THE ARKANSAS BUDGET PROCESS
Authorization
AN APPROPRIATION GIVES THE AGENCY THE AUTHORITY TO SPEND MONEY IF AND WHEN IT BECOMES
AVAILABLE.
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The Arkansas Budget Process
Funding
TOTAL STATE REVENUEFY 08
General Revenue $ 5,618,456,330
Special Revenue 1,691,902,903
Cash Funds 3,748,891,979
Federal Funds 4,246,431,485
Trust & Other Non Revenue 2,732,221,175
TOTAL STATE REVENUE $18,037,903,873
Insurance2%
Income Taxes56%
Sales/Use38%
Other1%
Luxury3%
GENERAL REVENUE - 2008$5.6 Billion
Property Tax Relief14%
Finance6%
Natural Resources
3%
Highway Users37%
Game & Fish5%
Other35%
SPECIAL REVENUE - 2008$1.7 Billion
SPENDING IS LIMITED BY THE AVAILABLE APPROPRIATION OR THE AVAILABLE MONEY - WHICHEVER IS
LESS!
A Program must have both an appropriation
and a means of getting money to it. If one or the other is
missing, the program cannot exist.
3 1 1 1 9 4 5AC T o f
The Revenue
S tab iliza tionLaw
Revenue Stabilization Law
Revenue Flow
Pre-2001
Revenue Stabilization Law
Revenue Flow
FY 2002-03
Revenue Stabilization Law
Revenue Flow
FY 2006-Present
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