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Economic Stabilization Fund: Funding Sources, FY 2015-2025
Severance Taxes and Unencumbered and Unobligated General Revenue Fund Balance Transfers to the Economic Stablization Fund, FY 2015-2025
| Fiscal Year | Amount of Tax Transfers | Amount of Unobligated Balance Transfer | Remains in General Revenue |
|---|---|---|---|
| 2015 | $1.74 | ||
| 2016 | $1.13 | ||
| 2017 | $0.44 | ||
| 2018 | $0.73 | ||
| 2019 | $1.38 | ||
| 2020 | $1.67 | ||
| 2021 | $1.13 | ||
| 2022 | $1.46 | ||
| 2023 | $3.64 | ||
| 2024* | $3.31 | $5.71 | |
| 2025* | $2.86 | $0.69 |
The ESF receives:
- An amount from General Revenue (GR) equal to at least one-half of 75 percent of oil production and natural gas production tax revenues in any fiscal year that exceeds fiscal 1987 collections with the remainder going to the State Highway Fund. These taxes are referred to collectively as “severance” taxes.
- One-half of any unencumbered GR surplus at the end of each biennium. Unencumbered GR is net of any tax allocations yet to be made, state agency encumbrances, accounts payable and payroll accruals, dedicated account balances and any required transfers to the ESF.
- All of the interest earned on the ESF balance and investment income.
- Direct appropriations to the ESF by the Legislature. Through fiscal 2022, no direct appropriations to the ESF have been made.