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Statewide Issues
Unallocated Reduction
The Budget reduces the amount of General Fund appropriated for employee compensation increases for 2007-08 by $72 million. This reduction was made to help build a prudent reserve in light of the various uncertainties in revenues and expenditures in 2007-08. With this reduction, $453.3 million still remains to be allocated to departments for employee compensation increases. The reduced amount available for allocation to departments will not affect pay or benefits for employees. Employees will still receive full pay, but now departments will need to reallocate money within their existing budgets to pay a portion of compensation increases for their employees.
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Enacted Budget Summary - Statewide Issues (pdf * - 4K) - Provides the entire Statewide Issues Chapter in pdf format.
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