The Governor submits the House 1 budget recommendation for FY 2014 for the maintenance of the departments, boards, commissions, institutions and certain activities of the Commonwealth, for interest, sinking fund and serial bond requirements. The Governor’s budget recommendation totals $34.825 B, before including the state’s annual contribution for employee pension costs. When accounting for state pension costs, total FY 2014 state spending equals $36.455 B. The estimated spending for the current fiscal year (FY 2013) totals $32.568 B. FY 2014 spending will be 6.93% greater in estimated spending than FY 2013.
|Appropriation Type||FY2013||FY2014||Annual Change||% Change|
|Section 2 Direct Appropriations:||32,032.99||34,271.17||2,238||6.99%|
|Section 2 Retained Revenues:||535||554||19||3.57%|
|Total FY 2014 Section 2 Spending||32,568||34,825||2,257||6.93%|
|FY 2014 State Pension Contribution:||1,552||1,630||78||5.03%|
|FY 2014 Spending Including Pensions:||34,120||36,455||2,335||6.84%|
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