(2) The Governor’s budget shall be supported by explanatory schedules or statements, classifying the expenditures reported in the budget, both past and proposed, by organization units, objects and funds, and the income by organization units, sources and funds, and the proposed amount of new borrowing as well as proposed new tax or revenue sources, including a single comprehensive list of all proposed increases in fees, licenses and assessments assumed in the budget.
(3) The Governor’s budget shall be submitted for all dedicated funds, as well as the state General Fund, and shall include the estimated amounts of federal and other aids or grants to state agencies or activities provided for any purpose whatever, together with estimated expenditures therefrom.
(4) The Governor’s budget shall embrace the detailed estimates of expenditures and revenues. It shall include:
(a) Statements of the bonded indebtedness of the state government, showing the actual amount of the debt service for at least the past biennium, and the estimated amount for the current biennium and the ensuing biennium, the debt authorized and unissued, the condition of the sinking funds and the borrowing capacity.
(b) The Governor’s recommendations concerning tax expenditures identified under ORS 291.214.
(c) Any statements relative to the financial plan which the Governor may consider desirable or which may be required by the Legislative Assembly.
(5) The Governor’s budget shall use the estimated revenues under ORS 291.342 for the fiscal year in which the budget is submitted as the basis for total anticipated income under subsection (1) of this section, subject to adjustment as may be necessary to reflect accurately projections for the next biennium.
(6)(a) The Governor’s budget shall present information regarding the expenses of the state in the following categories:
(A) Personnel expenses, including compensation and benefits for state employees, but excluding costs of services contracted out and temporary service costs.
(B) Supplies, equipment and the costs of services contracted out.
(C) Special payments.
(D) Capital construction.
(E) Capital outlay.
(F) Debt service.
(b) For each category described in paragraph (a) of this subsection, the budget shall show actual expenditures for the prior biennium and estimated expenditures for the current biennium.
(c) As supplemental information to the budget, the Governor shall include an estimate of the projected costs of continuing currently authorized programs in the next biennium. The estimate shall include, but is not limited to the projected costs of:
(A) Removing one-time expenditures;
(B) Program phase-ins and phase-outs;
(C) Personnel expenses compared to existing compensation plan agreements, including position vacancy experience calculations;
(D) Inflation for services, supplies and medical costs;
(E) Transfers between state funds or accounts;
(F) Mandated caseload changes; and
(G) Debt service for previously issued debt.
(d) The budget shall show the total increase in the cost of salaries and benefits for all state positions.
(7) The Governor’s budget shall include:
(a) The total number of positions and full-time equivalent positions included in the budget.
(b) The average vacancy rate in the present biennium.
(c) The number of permanent, full-time equivalent vacancies as of July 1 of even-numbered years.
(8) The Governor’s budget shall include computations showing budget figures as a percentage of the total General Fund, federal fund, fee or other source category, as may be appropriate.
(9) The Governor’s budget shall include, in a format that provides side-by-side comparison with the State Debt Policy Advisory Commission report of net debt capacity, a six-year forecast, by debt type and repayment source, of:
(a) That portion of the capital construction program required to be reported by ORS 291.224 that will be financed by debt issuance.
(b) The acquisition of equipment or technology in excess of $500,000 that will be financed by debt issuance.
(c) Other state agency debt issuance for grant or loan purposes.
(10) The Governor’s budget shall include the outcomes-based budgeting information required by ORS 291.217 (2) and (3).
(11) The Governor’s budget shall include recommendations regarding available funds that could be used to make lump sum payments to the Public Employees Retirement System under ORS 238.229.
(12) The Governor’s budget shall include a narrative summarizing the racial impact statements required under ORS 291.206. [Amended by 1985 c.270 §2; 1993 c.724 §9; 1995 c.746 §68; 1995 c.787 §1; 1997 c.49 §3; 1997 c.249 §88; 1999 c.1091 §1; 2011 c.563 §7; 2016 c.117 §19; 2017 c.746 §10; 2021 c.612 §5]