Appropriation Limitation Analysis
Table I. Calculation of Appropriation Limitation
			Base Amounts	FY 06	FY 07	FY 08	FY 09	FY 10	FY 11
A	Total Base Appropriations (Increased by Growth Factor, see D)		$2,709,902,078	$2,794,180,033	$2,881,079,032	$2,969,816,266	$3,061,286,607	$3,145,778,117	$3,232,601,593
B	Appropriations to General Purpose Aid for Local Schools (GPA) 1		$734,536,621	$836,115,966	$914,098,222	$971,958,385	$956,481,491	$958,971,492	$958,971,492
C	General Purpose Aid Growth from FY05 until 55% State Share - Exempt from Limit			$101,579,345	$179,561,601	$237,421,764	$221,944,870	$224,434,871	$224,434,871
D	Average Real Personal Income Growth (used in State's Growth Limitation Factor)			2.52%	2.52%	2.47%	2.47%	2.28%	2.28%
E	Average Population Growth (used in State's Growth Limitation Factor)			0.59%	0.59%	0.61%	0.61%	0.49%	0.49%
F	Growth Limitation Factor Applied to Base Appropriations  (D + E) 2			3.11%	3.11%	3.08%	3.08%	2.76%	2.76%
G	Total Appropriations Allowed (A + C)			$2,895,759,378	$3,060,640,633	$3,207,238,030	$3,283,231,477	$3,370,212,988	$3,457,036,464
Table II. Calculation of Budgeted Resources and Total Appropriations 3
				FY 06	FY 07	FY 08	FY 09	FY 10	FY 11
	General Fund Budgeted Resources
	- Beginning Budgeted Balance			$33,662,644	$14,516,599	$17,578,341	$935,111	$100,577	$14,762,995
	- Net Transfers/Adjustments to Balance			($5,005,536)	($23,487,122)	$24,863,133	$99,351,984	$2,050,000	$350,000
	- Net General Fund Revenue			$2,857,738,104	$3,004,907,574	$3,040,740,422	$2,961,821,437	$3,008,449,772	$3,094,174,201
	Total Budgeted Resources			$2,886,395,212	$2,995,937,051	$3,083,181,896	$3,062,108,532	$3,010,600,349	$3,109,287,196
	Amount Budgeted Resources are (below) above the limit			($9,364,166)	($64,703,582)	($124,056,134)	($221,122,945)	($359,612,639)	($347,749,268)
	Total Appropriations			$2,871,878,613	$2,978,358,710	$3,129,325,355	$3,062,007,955	$2,995,837,354	$3,109,146,840
	Amount Appropriations are (below) above the limit			($23,880,765)	($82,281,923)	($77,912,675)	($221,223,522)	($374,375,634)	($347,889,624)
Notes:
1	The amount by which appropriations for General Purpose Aid for Local Schools exceed the appropriations for this program in FY 05 as of December 1, 2004 are excluded from the Appropriations Limitation until the State reaches the 55% share of Essential Programs and Services funding level.  Amounts reflect appropriations through the 123rd Legislature.
2	The growth limitation factor is established on October 1st of even numbered years.  That factor is applied to both fiscal years of the biennium and is not adjusted once established.
3	Appropriations and budgeted revenue reflect final budgeted amounts.  Beginning balances reflect actual beginning balances.  For FY 2009 on, budgeted revenue reflects the December 2008 Revenue Forecast and PL 2009, c. 1.  Appropriations FY 09 appropriations reflect PL 2009, c. 1.  Appropriations for the 2010-2011 biennium are based on the Governor's recommendations in LD 353.