First, let’s remember that the state’s General Fund’s revenue primarily comes from four sources — Sales and Use Taxes, Individual Income Taxes, Corporate Income Taxes, and Miscellaneous Taxes. In FY 2020-21, General Fund receipts grew from $4.94 billion to $5.96 billion, a 20.6% increase. The Legislature also committed approximately $352 million from the cash reserve fund for planning and construction of the new prison facility. The Education Future Fund was seeded with a $1 billion General Fund transfer in FY 2023-24. All these factors are reflected in the state’s General Fund financial status and affect the total dollars available to spend.