Position cursor over a county to see the amount of cuts in state funding that each county’s local government and school districts will experience in fiscal year 2013, compared to fiscal year 2011, prior to the state budget’s enactment.
Budget Cut Components:
- Education Cuts – This reflects the difference in K-12 foundation funding between FY 11 and FY 13, including the elimination of State Fiscal Stabilization Funds (SFSF) and accelerated phase-out of Tangible Personal Property (TPP) & KiloWatt Hour(KWH) tax reimbursements. Title 1 & IDEA reductions are not included.
- Local Government Funds – This reflects the cuts that local governments in each county will experience as a result of the 50% cut to the local government fund as part of HB 153.
- Estate Tax Elimination – This reflects the impact of the elimination of the estate tax on local governments, based on collections in FY 2009. Because of the implementation date set in HB 153, these numbers represent revenue lost in half a fiscal year. In future years this cut number will be larger.
- TPP and SB 3 Phase Out – This reflects the impact of the accelerated phase-out of TPP & KWH (SB3) replacement revenue from the state to counties as enacted in HB 153. This does not include TPP & KWH phase-out for townships, municipalities and special districts.