The state constitution requires the governor to submit to the legislature within 10 days after the opening of a regular legislative session a budget for the ensuing fiscal year (1 July–30 June).
Total revenue for 2000/01 was estimated at $8 billion, 35% from the general fund, 30% from federal funds, 23% from special revenue funds, and 12% from state road funds. Expenditures were expected to equal revenue, including: health and human resources (29%), education (22%), transportation (17%), higher education and the arts (14%), and public safety (3.4%).
The overall budget for 2003/04 was $8.1 billion. General fund expenditures were budgeted at $3.034 billion (equal to expected revenues), of which $1.56 billion (51.4%) were targeted for public education.
The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.
|Population (thousands, 2001)||1,801||(X)||(X)|
|Liquor store revenue||50,784||0.61||28.20|
|Insurance trust revenue||1,286,848||15.51||714.52|
|Exhibit: Salaries and wages||1,182,154||16.19||656.39|
|Parks and recreation||58,026||0.79||32.22|
|Interest on general debt||216,642||2.97||120.29|
|Other and unallocable||363,792||4.98||201.99|
|Liquor store expenditure||44,112||0.60||24.49|
|Insurance trust expenditure||1,087,102||14.89||603.61|
|Debt at end of fiscal year||4,091,919||100.00||2,272.03|
|Cash and security holdings||10,313,189||100.00||5,726.37|