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Indiana State Budget Agency

SBA > Budget Information > Budget Data > Previous Budgets > 1999-Passed Budget for the 1999-2001 Biennium > State Operating and Cash Balances Compared to Operating Revenue State Operating and Cash Balances Compared to Operating Revenue

A History of State Operating and Cash Balances

Compared with Operating Revenue

(Millions of Dollars)

State

Balance

Fiscal

General

Tuition

Prop Tax

Rainy

Total

Operating

as % of

Year

Fund

Reserve

Repl Fund

Day Fund

Balances

Revenue(5)

Oper. Rev.

1980-81

(1)

30.0

120.0

172.6

0.0

322.6

2,521.8

12.79%

1981-82

0.3

120.0

34.3

0.0

154.6

2,743.7

5.63%

1982-83

(2)

60.4

120.0

0.0

0.0

180.4

2,823.5

6.39%

1983-84

102.3

120.0

0.0

0.0

222.3

3,612.8

6.15%

1984-85

55.0

120.0

0.0

145.1

320.1

3,948.1

8.11%

1985-86

39.4

120.0

0.0

153.8

313.2

4,027.3

7.78%

1986-87

101.1

120.0

0.0

164.5

385.6

4,319.6

8.93%

1987-88

(3)

243.2

120.0

0.0

213.8

577.0

4,805.0

12.01%

1988-89

424.6

135.0

0.0

265.4

825.0

5,263.3

15.67%

1989-90

372.2

144.0

0.0

318.0

834.2

5,491.3

15.19%

1990-91

109.4

155.0

0.0

323.0

587.4

5,560.6

10.56%

1991-92

138.9

165.0

0.0

328.6

632.5

5,784.5

10.93%

1992-93

9.7

180.0

0.0

300.6

490.3

6,098.6

8.04%

1993-94

90.0

190.0

0.0

370.3

650.3

6,720.1

9.68%

1994-95

679.3

200.0

0.0

419.3

1,298.6

7,277.0

17.85%

1995-96

1,024.8

215.0

0.0

439.5

1,679.3

7,569.8

22.18%

1996-97

1,138.2

240.0

0.0

466.1

1,844.3

8,044.8

22.93%

1997-98

1,319.3

240.0

0.0

496.1

2,055.4

8,481.9

24.23%

1998-99

(4)

1,247.6

255.0

0.0

524.5

2,027.1

8,906.1

22.76%

1999-2000

(4)

846.8

270.0

0.0

535.1

1,651.9

9,140.1

18.07%

2000-01

(4)

437.5

270.0

0.0

559.6

1,267.1

9,602.9

13.19%

Notes:

(1)

Income tax rate was reduced from 2.0% to 1.9% effective January 1, 1980.

(2)

Income tax rate was increased from 1.9% to 3.0%, and the Sales tax rate

was increased from 4% to 5% effective January 1, 1983.

(3)

Income tax rate was increased from 3.0% to 3.4% effective July 1, 1987.

(4)

Estimated by the Indiana State Budget Agency.

(5)

Operating Revenues are the total of General Fund and PTR Fund revenues

including lottery and DSH revenues transferred to the General Fund.