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f, <br />_-- Hl~~LZI~'~tS <br />Reserves, Financial Management <br />• Restores the budget reserve to $500 million, about 3.5 percent of FY 2005 recommended <br />spending. Directs that any future forecast balances first be used to restore the reserve to $653 <br />million. <br />• Closes the structure) gap In revenues and spending through FY 2005, and produces a <br />positive structural balance in FY 2006 of $302 million and $786 million by FY 2007. <br />r~ <br /> <br />• <br />Governor's 2004-05 Budget 4 <br />