Joint Legislative Budget Committee Update
November 18th, 2010
The Joint Legislative Budget Committee approved a possible plan for identifying revenue sources for the Fiscal Year (FY) 2012 budget. The spending priorities will be outlined on December 8 at 10 am in the next round of budget hearings. The sources of funds identified included the following:
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Many of the funds identified above were also identified in the Governor’s Budget Recommendation. In the development of the budget recommendation, only existing revenue sources are used by the Joint Legislative Budget Committee to set the level of funds available for appropriations in the next fiscal year. With a few exceptions – a balanced approach that includes revenues has not been a central part of the budget recommendation deliberations.
As the budget debate unfolds, revenue options that preserve investments in education at all levels, public safety, and health care should be a part of the conversation and among the strategies to position the state to move forward over the next couple of years.
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