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Program 22-921: State Revenue Sharing Fund

Program Authorization: Article VII, Section 26(a) of the 1974 State Constitution

PROGRAM DESCRIPTION

This constitutional dedication provides that $90,000,000 be allocated annually from the state general fund to parishes solely on the basis of the population (80%) and the number of homestead exemptions (20%) in each parish. Distribution is based in proportion to population and number of exemptions throughout the state. After deductions in each parish for retirement systems and commissions as authorized by law, any remaining funds shall be distributed by first priority to the tax recipient bodies within the parish. The funds are intended to offset current revenue losses as the result of homestead exemption.

RESOURCE ALLOCATION FOR THE PROGRAM

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1999-2000.

SOURCE OF FUNDING

The source of funding for this program is state General Fund.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$90,000,000

$90,000,000

0

 

ACT 63 - FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$90,000,000

$90,000,000

0

 

EXISTING OPERATING BUDGET November 20, 1998

 

 

 

 

 

$0

$0

0

 

None

 

 

 

 

 

$90,000,000

$90,000,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$0

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 100.0% of the existing operating budget. It represents 100.0% of the total request ($90,000,000) for this program. The recommended funding reflects the level required by the State Constitution.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

OTHER CHARGES

$90,000,000

 

Revenue Sharing program - constitutional requirement

 

 

 

$90,000,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIR

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.


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