| 1996 Actual | 1997 Approp. | 1998 Est. | |
|---|---|---|---|
| Current Law Revenues | 684.7 | 719.7 | 706.8 |
| Sales and Use @ 5% | 0.0 | 0.0 | 33.6 |
| Petroleum Cleanup Transfer | 0.0 | 0.0 | (0.7) |
| Act 200 (Property Transfer) | (2.6) | (2.5) | (2.6) |
| Direct Applications & Reversions | 23.0 | 9.6 | 8.0 |
| Total Revenue: | 715.1 | 726.8 | 745.1 |
Base Appropriations | 722.4 | 721.4 | 732.4 |
| Pay Act | (2.8) | 0.0 | 2.2 |
| Estimated Budget Adjustment | (17.2) | (1.0) | 0.0 |
| Total Spending: | 702.4 | 720.4 | 734.6 |
Operating Surplus (Deficit) | 12.7 | 6.4 | 10.5 |
| Carryforward Balance | (14.5) | 0.0 | 0.0 |
| Transfer (to)/from Transportation Fund | 6.7 | 0.0 | 0.0 |
| Transfer (to)/from Reserve | (4.8) | (6.4) | (10.5) |
| Ending Balance: | 0.0 | 0.0 | 0.0 |
| Stabilization Reserve: | 4.8 | 11.2 | 21.7 |
Cum. Ending Bal. + Reserve | 4.8 | 11.2 | 21.7 |
Source: Governor’s Executive Summary (1/14/97); Emergency Board Official Forecast (1/15/97)