The major emphasis in the first regular session, odd numbered years, is budgetary review and approval. At the same time agencies will also submit their list of programs to OSPB's master list of all state agencies' programs. Program budgeting Agencies are required to submit their budgets by major programs instead of by line items such as Travel and Personal Services. All budgets are to be converted to program budgets by FY 2006. Although individual income tax collections are up 10.9 percent YTD, refunds are always an uncertainty.
Heavy reliance is placed on high-income filers for growth in recent years.
Because collections are very volatile, it cannot be predicted that this excess will remain at the end of the fiscal year. Property Value growth remains strong and will grow by 8.4 percent. Results The Table 2 reflects a comparison of the nine largest operating budgets for FY 2001 along with the percentage change from FY 1991 to FY 2001. 528.9 58.7 School Fac. The budget units are not dependent solely on this source.