FY 2013 Budget Process Kicks Off Next Week With Budget Hearings
September 15th, 2011
The first major event in the budget process that will decide funding levels for Fiscal Year (FY) 2013, starting July 2012, will be the agency budget hearings held next week by the Joint Legislative Budget Committee (JLBC).
During the summer, agencies make decisions about their budget needs and priorities and submit budget requests to the Legislature and the Governor. The JLBC then holds hearings where the agency heads present their budget requests and answer questions from the Committee.
Hearings will be held in Jackson at the Woolfolk state office building September 19-22 and are open to the public. See the link below for the schedule.
After the budget hearings, the revenue estimating committee will work on their revenue estimate for FY 2013. With the revenue estimate, the JLBC and Governor will develop recommendations for appropriation levels.
See this fact sheet on the state’s budget process where the year’s major budget actions are explained in greater detail.