The Fiscal Affairs Division ensures the fiscal health of the Commonwealth through management and oversight of the state’s capital and operating spending. The Division develops the Governor’s budget recommendations for submission to the Legislature; analyzes the projected fiscal impact of new and existing legislation to ensure that the Commonwealth’s projected revenues support the projected level of spending; develops and analyzes policy initiatives and alternatives; and assesses the fiscal impact of department activities. The Division also implements statewide policies and procedures for the management of the Commonwealth’s five-year capital spending plan. Additionally, the Division analyzes and reports on the fiscal health of the Commonwealth and provides fiscal data to bond rating agencies and other entities.

The amount recommended for Fiscal Year 2000 will enable the Division to provide the same level of services as in Fiscal Year 1999.

Budgetary Direct Appropriations

FISCAL AFFAIRS DIVISION
1101-2100	For the operation of the fiscal affairs division; provided, that the cost of computer resources and services provided by the information technology division for the design, development, and production of reports and information required to be included in budgets submitted by the governor to the legislature shall not be charged to this item	2,675,254