Statewide Issues
State Cash Management Improvement

The proposal will smooth out General Fund disbursements throughout the fiscal year to better align receipts and disbursements. It will reduce the state's reliance on external borrowing. Effective cash management is one major factor considered by rating agencies in evaluating the state's credit-worthiness. Improving cash management could improve accessibility to the credit markets and reduce borrowing costs on long-term bonds. Under current projections, the state will need at least $9 billion of external cash flow borrowing in 2008-09. This improved cash management program would result in a reduction in external cash flow borrowing by several billion dollars.
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CHAPTER HIGHLIGHTS for Statewide Issues Back to Top

 2008-09 State Appropriations Limit Calculation
image of black pointing arrowState Cash Management Improvement
 Item 9800 - Augmentation for Employee Compensation
 Reimbursable State Mandates Program
 Tax Modernization Commission
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Statewide Issues (pdf * - 53K) -
Provides the entire Statewide Issues Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Proposed Budget Summary - Statewide Issues (January 2008)
Displays Proposed Budget Summary information for Statewide Issues.