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Monday, February 12, 2007

New Revenue Projections

By Lyle Hillyard
Senate Chair of Executive Appropriations

TONIGHT the Governor’s staff and the Legislative staff will meet and arrive at consensus revenue projections. These are the numbers upon which the budget and any tax cuts will be based. They will be given to the Majority and Minority leadership at the same time possibly Monday evening but probably Tuesday Morning.

The numbers will be announced to the public during floor time on Tuesday.

I hope people realize the total lump sum is not very meaningful for budgeting purposes. What is valuable is knowing how the projections in each category, if any, have changed: General Fund, Educational Fund or Transportation Fund, and whether these changes are one-time or on-going. The money has to fit the program being funded.

With this announcement the real work of the legislature will begin.

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