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• <br />FY 2004-05 Budget Key Elements <br />/ Revenues <br />- Based on revenue growth of $7.7 billion - no fax <br />increases <br />- Eliminates tobacco funds, dedicating portion of <br />existing cigarette taxes <br />- Redirects several dedicated revenues sources and <br />balances to the general fund <br />- Merges Health Care Access into the general fund <br />- Limits fee increases <br /> <br />Govemor Pawlenty's FY 2004-05 Budget <br />FY 2004-05 Budget Key Elements <br />/ Spending <br />- Increases spending by one billion dollars - or 3.8 <br />percent over the forecast for FY02-03 <br />- Holds K 72 revenues per student constant <br />- Reduces growfh in Human Services spending <br />- Reduces spending in other budget areas by an <br />average 75 percent <br />- Recommends atwo-year public employee pay <br />freeze to minimize job losses and service impacts <br />Governor Pawlenty's FY 2004-OS Budget <br />5 <br />