Legislative Finance Committee

First Quarter FY17 Report Cards

Austerity has made it more important than usual for state agencies to be transparent about performance but the latest agency report cards are full of holes. Aside from that, the reported results for the first agency report cards for FY17 include strong performances on prekindergarten participation and resolution of tax protest cases but weaker performance on repeat child abuse and job creation.

Progress Report: Leveraging Medicaid

State agencies are doing a better job of identifying opportunities to replace state spending with federal Medicaid dollars but still face barriers to fully leveraging those funds.

General Fund Revenue Forecast: December 2016

The recurring revenue forecast for FY17 has dropped $131 million in the December consensus estimate while the forecast for FY18 dropped $127 million. The fiscal year is now projected to end $69 million in the red, while "new money" for FY18, FY18 projected revenue less FY17 appropriations, is negative $93 million.

General Fund Tracking Report: Accruals through September 2016

Total recurring revenue collection for FY17 through September was $1.3 billion, down 9.4 percent from the same period a year ago. Gross receipts tax revenue for July and August were at the lowest levels recorded for those months in six years, and September revenue was the lowest in four years.

Investment Performance Quarterly Report, Fourth Quarter, FY 2016

Three of the state's four investment funds ended the year with balances slightly below year-end balances from FY15, with the relatively small severance tax permanent fund the only one to gain over the year. The fiscal year ended with the markets in tumult over Brexit and, even though returns for the quarter were better than for most of the year, one-year returns were well below targets.

Program Evaluation: Department of Information Technology Enterprise Service Rates and Project Management and Oversight

The Department of Information Technology has improved over the last half-dozen years but issues remain involving equipment-replacement charges, the rate-setting process and service delivery, and oversight and governance.