2/9/2018. Unemployment Southeastern State Comparison December 2017 Alabama 3.5% Southeast Avg 4.1%

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1 Alabama's Total Employment (In Thousands) 2,050 2,029 2,000 1,980 2,006 1,992 1,976 1,950 1,945 1,923 1,949 1,900 1,876 1,902 1,887 1,871 1,870 1,885 1,903 1,850 1,800 1,750 * *FY17 is Preliminary Data for November. December Alabama 7.1% Southeast Avg 8.2% Unemployment Southeastern State Comparison December Alabama 3.5% Southeast Avg 4.1% 1

2 16% Unemployment Rates Alabama US 14% 14.1% 12% 11.0% 10% 9.7% 8% 9.3% 6% 4% 4.1% 3.5% 2% 0% * * is as of December $400,000,000 $350,000,000 Alabama Trust Fund Royalty Receipts $369,397,745 $345,231,494 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $24,401,975 $47,228,343 $42,957,249 3,500 3,000 2,500 Alabama Trust Fund Corpus At Fiscal Year End $2,412 $3,242 $3,202 $3,125 $3,144 $3,034 $2,907 $2,941 $2,963 $2,828 $2,789 $2,631 $2,658 $2,615 In Millions 2,000 1,500 1, $1,673 $1,402 $1,246 $1,126 $985 $864 $678 $752 $572 $455 $460 $466 $472 $501 $400 $401 $333 $2,215 $2, * Rainy Day Loan Fund repayment (BP Proceeds) in FY17 added $400.0 million ^ ^ is unaudited. 2

3 ETF Rainy Day Account FY Transferred $179,993,229 FY Repaid $36,000,000 FY Repaid $36,000,000 FY Repaid $36,000,000 FY Repaid $71,993,229 $179,993,229 FY Transferred $437,390,828 FY Repaid $14,412,984 FY Repaid $349,555,638 FY Repaid $73,422,206 $437,390,828 ETF Rainy Day has been fully repaid. ETF Budget Stabilization Fund Transfers from ETF FY $118,305,984 FY $59,595,211 Total Transfers $177,901,195 Interest Earnings $1,126,580* Budget Stabilization Fund Balance $179,027,775 *Interest earnings as of 1/31/2018 General Fund Rainy Day Account FY Transferred $161,565,874 FY 2020 Deadline for Repayment GF Rainy Day was fully repaid on December 15,. 3

4 Alabama Trust Fund Repayment Borrowing Repayment Balance Due Notes 0 FY FY (145,796,943) (145,796,943) FY (145,796,943) 5,000,000 (286,593,886) FY (145,796,943) 10,000,000 (422,390,829) FY (422,390,829) FY 238,434,126 (183,956,703) FY2018 (183,956,703) FY2019 (183,956,703) FY ,500,000 (170,456,703) Scheduled Payment FY ,500,000 (156,956,703) Scheduled Payment FY ,500,000 (143,456,703) Scheduled Payment FY ,500,000 (129,956,703) Scheduled Payment FY ,500,000 (116,456,703) Scheduled Payment FY ,500,000 (102,956,703) Scheduled Payment FY ,500,000 (89,456,703) Scheduled Payment FY ,500,000 (75,956,703) Scheduled Payment FY ,500,000 (62,456,703) Scheduled Payment FY ,500,000 (48,956,703) Scheduled Payment FY ,500,000 (35,456,703) Scheduled Payment FY ,500,000 (21,956,703) Scheduled Payment FY ,500,000 (8,456,703) Scheduled Payment FY2033 8,456,703 0 Scheduled Payment Non Federal Expenditures by Category 6.1% 1.4% 1.1% 7.1% Economic Development and Regulation Education and Cultural Resources 9.9% Natural Resources and Recreation Health 5.0% 49.8% Social Services Protection of Persons and Property Transportation General Government 18.7% Debt Service Interest and Other Charges 1.0% 14% 12% Gross Sales Tax Monthly % Change Over Prior Year and 12 Month Rolling Average 11.26% 12.96% 10% 9.86% 8% 6% 5.22% 4.02%4.06% 4% 2% 7.27% 4.74% 2.24% 5.62% 4.78% 4.35% 3.25% 2.66% 7.64% 3.11% 0.63% 6.72% 4.35% 2.57% 0.71% 5.61% 3.28% 2.46% 0.51% 6.34% 3.75% 3.69% 3.26% 3.38% 2.92% 2.60% 2.42% 0.66% 0.44% 0.82% 0% 2% 0.09% 1.47% 0.51% 0.80% 4% 3.45% 3.12% 2.97% 6% Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18 4

5 25% Gross Individual Income Tax Monthly % Change Over Prior Year and 12 Month Rolling Average 20.21% 20.87% 20% 18.59% 16.56% 15% 14.19% 10% 10.87% 9.26% 9.62% 11.52% 8.61% 11.03% 10.10% 11.71% 5% 4.47% 3.64% 0.65% 3.26% 3.97% 2.97% 3.98% 3.78% 4.59% 6.91% 6.33% 0.94% 1.80% 0.43% 4.88% 5.93% 0.89% 5.57% 2.23% 2.62% 0% 0.21% 5% 5.13% 2.27% 4.42% 3.36% 0.42% 1.10% 0.10% 6.32% 10% 15% 13.62% Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18 $7,000 Total ETF Revenue $6,414.6 $6,513.5 $6,708.0 $6,000 $5,217.5 $5,000 $4,000 $4,114.6 $3, Est $8,000 ETF Expenditures $7,000 $6,694.7 $6,441.4 $6,633.5 $6,000 $5,678.5 $6,421.2 $5,000 $5,437.1 $4,000 $4,108.2 $3, GR 5

6 Veterans Dependents Scholarship Overage Cumulative Fiscal Year Appropriation Expenditures (Shortfall) Overage/Shortfall $20,050,250 $19,048,234 $1,002,016 $1,002,016 $25,015,470 $22,242,965 $2,772,505 $3,774,521 $30,052,299 $30,051,608 $691 $3,775,212 $36,106,057 $36,105,758 $299 $3,775,511 $40,320,022 $40,320,022 $3,775,511 $43,264,915 $43,239,144 $25,771 $3,801,282 $50,737,133 $50,735,959 $1,174 $3,802,456 $52,674,123 $58,073,621 ($5,399,498) ($1,597,042) $55,810,847 $70,810,147 ($14,999,300) ($16,596,342) $71,766,337 $71,766,337 ($16,596,342) 2018 Budgeted $95,839,546 $80,883,160 $14,956,386 ($1,639,956) 2019 Gov s Rec $91,544,687 $90,927,613 $617,074 ($1,022,882) AL Code Section , Veterans scholarship covers the dependents of disabled military veterans 10 undergraduate semesters at an Alabama institution (in state tuition rate) Covers tuition, books and mandatory fees (no room and board) 1 year residency requirement at initial entry into military service $70.0 ETF Dollars to the PACT Program $60.0 $63.6 $62.8 $61.5 $60.7 $50.0 $40.0 $38.4 $39.2 $34.0 $31.9 $32.2 $33.5 $33.7 $32.5 $30.0 $23.6 $20.0 $ ETF Split Percentages K 12 HIGHER ED OTHER 80% 70% 68.98% 63.29% 60% 64.69% 66.18% 50% 40% 30% 31.71% 29.05% 25.43% 20% 23.81% 10% 5.00% 4.12% 10.01% 5.59% 0% 2019 GR 6

7 $1,800 Total General Fund Revenue $1,814.3 $1,919.8 $1,908.8 $1,931.9 $1,600 $1,428.1 $1,400 $1,200 $1,163.1 $800 $600 $400 $ Est General Fund Expenditures $2,500 2, , ,928.9 $1,500 1, ,008.2 $ GR General Fund Expenditures Excluding Medicaid and Corrections Total General Fund GF Excluding Medicaid and Corrections $1,800 $1,600 $1, $1, $ $600 $ $200 7

8 $8,000 Total Medicaid Expenditures $7,102.4 $7,000 $6,000 $5,627.0 $6,787.1 $5,309.4 $5,000 $4,000 $4,397.8 $3,000 $1, GR Number of Medicaid Recipients* 1,200,000 1,000, , , , ,000 An unduplicated count of Medicaid eligibles who received at least one medical service that Medicaid paid for during the FY. This count excludes the recipients who only receive the benefit of having their Medicare Par A, B, C and/or D premiums paid by Medicaid. 30% Medicaid Eligibles as % of Population 26.1% 25% 21.1% 20% 22.7% 19.3% 15% 10% 5% 0% 8

9 52.70% 53.10% 52.60% 52.10% 2/9/2018 Medicaid Births as a Percent of Total Births in Alabama 60% 58% 56% 55.10% 54% 52% 50.90% 51.60% 51.10% 50% 49.30% 49.50% 48.50% 48.50% 48% 46.70% 46% 45.40% 45.70% 46.00% 45.50% 44% 44.40% 42% 40% 120,000 CHIP Enrollment 101, ,000 92,280 85,526 83,536 80,000 60,000 57,930 40,000 20,000 0 * 2019 Est * Transitioned 23,000 to Medicaid. Corrections In House Inmate Population vs Correctional Officers Inmate Population Correctional Officers Percent Change Inmate to Officer Ratio FY 25,395 2, % 11.1:1 FY 25,638 2, % 10.9:1 FY 25,376 2, % 11.6:1 FY 25,340 2, % 12.05:1 FY 24,816 2, % 12.15:1 FY 24,191 2, % 11.84:1 FY 23,328 1, % 13.37:1 FY 21,213 1, % 14.67:1 FY 21,200 1, % 13.71:1 * Inmate to officer ratio is calculated using in house population versus Correctional Officer I. 9

10 36,000 Number of State Employees (Executive Branch) 35,000 34,000 33,714 34,428 33,717 34,131 35,029 35,296 34,923 34,892 33,000 32,472 32,630 32,932 32,984 32,807 32,000 31,000 31,185 30,000 30,170 30,269 30,029 29,535 29,000 28,000 27,000 26, % Retirement Systems of Alabama Funded Ratios 111.1% TRS ERS 100.0% 104.9% 80.0% 68.3% 60.0% 62.1% 40.0% 20.0% 0.0% FY19 Budget Requests What Did Departments Request for FY 2019? General Fund FY18 Budget $1.96 Billion FY19 Request $2.20 Billion FY19 Est. Revenue $1.93 Billion Education Trust Fund FY18 Budget $6.41 Billion FY19 Request $6.96 Billion FY19 Est. Revenue $6.71 Billion FY19 Cap $6.63 Billion 10

11 FY19 Governor s Recommendation STATE GENERAL FUND 3% COLA for State Employees Health Insurance is fully funded Prepayment of the People s Trust Act obligations Medicaid is fully funded Corrections 400 additional correctional officers, significant strides in health and mental health care Mental Health provides more services for children with SED and Autism Spectrum disorders Addresses Infant Mortality rates Prescription Drug Monitoring Program increases Puts more troopers on the road Statewide Broadband grants 2.5% COLA for Teachers and Support staff Health Insurance is fully funded Reduce class sizes for grades 4 6 Increased funds for textbooks, technology & supplies Increased funds for library enhancements Increased funds for buses Increased funds for professional development $5M Increase for the Reading Initiative Pre K $23M to continue to expand AL s world class Pre K program Strong Start/Strong Finish Higher Ed 3.48% increase across the board for O&M Increased scholarships for Math & Science Teachers, dentists & physician assistants 11