The details of the 2013-15 budget compromise have been released. As proposed, near general fund-state plus opportunity pathways (NGFS+) spending would increase by $2.378 billion over 2011-13, to $33.627 billion. Reserves (including the budget stabilization account) would total $630 million.

Importantly, the proposal would largely not make the tax increases proposed by the House Finance Committee and passed by the House. There have been various iterations of the tax proposals over the course of the sessions; they included applying the sales tax to purchases by non-residents, applying the sales tax to bottled water, extending the B&O surcharge, applying the sales tax to high-tech R&D investments, narrowing the high-tech R&D B&O credit, and many others. None of these large ticket, controversial increases are in the compromise.

The compromise budget does include revenues from SB 5872 (restoring the estate tax after the Bracken decision) and from SB 5873 (telecommunications taxation). And, as Kriss noted last week, the June general fund forecast increased the revenues available, and the caseload forecast provided savings.

The compromise would appropriate $93.2 million less than the June 6 House-passed budget and $229.0 million more than the June 8 Senate-passed budget.

(The large reduction in the other appropriations budget area is mostly due to a large reduction in maintenance level for bond retirement and interest.)

Some notable items:

• The compromise would increase K-12 education spending by about $1 billion.
• It assumes no higher education tuition increases, and it provides $119 million in additional institutional funding.
• It assumes $30 million in LEAN management savings, $5 million in IT savings, and $5 million in central service savings and efficiencies.
• $10 million in Affordable Care Act savings are assumed (these are “savings that may be achieved through greater efficiencies and/or coordinating publicly provided health insurance benefits” with federal healthcare reform).
• Medicaid expansion is estimated to save $351 million (both the House- and Senate-passed budgets had assumes $319 million in savings).
• TANF caseload savings total $156 million ($126 million in savings were assumed previously).
• It would reduce funding for state employee health insurance from $800 per month per employee to $782 in 2014 and $791 in 2015.
• It would impose a $25 per month surcharge for Public Employees’ Benefits Board (PEBB) members who use tobacco.
• It would impose a $50 per month surcharge for certain PEBB subscribers who have spouse or family coverage.
• While the Housing and Essential Needs program’s funding would be reduced due to underspending, it would not be further reduced by $31 million (as the Senate had done).
• It would not reduce by 50 percent the cash grant for the aged assistance program (as had been done in the Senate budget).
• It does not assume savings from workers’ compensation reforms.

For more information on previous proposals, see here, here, here, here, here, here.