Members have now been provided with the proposal for next year’s budget. You can read the proposal here. FY20 RSA Schedule.pdf
The state budget is guided by the Revenue Stabilization Act which is typically one of the last items passed every session. To craft the Revenue Stabilization Act, the legislature with consultation with the Governor:
• Determines the Maximum General Revenue support to be distributed over the next fiscal year
• Determines the maximum amount each general revenue fund is to receive from general revenues for the next fiscal year
• Determines the number of priority categories (A, B, C…)
• Sets the minimum level of support required for each general fund and designate it as “A”
• Sets the next level of support for each fund and designates it as the next priority (A-1 or B)
• Continues the steps until the maximum level is reached As revenues flow, agencies are funded in order of program priorities, with category A being funded first. In the event that A priorities are fully funded, revenues begin to flow to the next category and so on.