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Volume 1
- Budget Message
- Issues in Brief
- Budget Recommendations
- Local Aid to Cities and Towns
- Capital Budget and Debt
Volume 2
Fiscal Note
The Governor submits the House 2 budget recommendation for FY 2013 for the maintenance of the departments, boards, commissions, institutions and certain activities of the Commonwealth, for interest, sinking fund and serial bond requirements. The Governor’s budget recommendation totals $32.310 B, before including the state’s annual contribution for employee pension costs. When accounting for state pension costs, total FY 2013 state spending equals $33.862 B. The estimated spending for the current fiscal year (FY 2012) totals $31.375 B. FY 2013 spending will be 2.98% greater in estimated spending than FY 2012.
| FY2012 $Ms |
FY2013 $Ms |
Annual Change |
% Change | |
|---|---|---|---|---|
| Section 2 Direct Appropriations: | 28,791.6 | 29,706.3 | 914.7 | 3.18% |
| Section 2 Retained Revenues: | 535.9 | 531.4 | (4.5) | -0.84% |
| Layoffs and Position Eliminations (OS 22 ): | - | (30.0) | (30.0) | 0.00% |
| Sub-total Direct Appropriations: | 29,327.5 | 30,207.6 | 880.2 | 3.00% |
| Appropriated Transfers (Section 2e): | 2,047.1 | 2,102.8 | 55.7 | 2.72% |
| Total FY 2013 Budget Recommendation | 31,374.5 | 32,310.5 | 935.9 | 2.98% |
| FY 2013 State Pension Contribution: | 1,478.0 | 1,552.0 | 74.0 | 5.01% |
| FY 2013 Spending Including Pensions: | 32,852.5 | 33,862.5 | 1,009.9 | 3.07% |
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