Report on state revenue completion lagging
Normally, the staff of the Legislative Budget Committee has the monthly reports completed within a few days of the end of the month.
But the July report has created unique problems. Debbie Rubisoff, director of the Budget Committee staff, said changes made to the method of collecting state revenue during the 2016 legislative session is having to be incorporated into the July report – the first of a new fiscal year.
“Senate Bill 2362 of the 2016 legislative session impacted the general fund by requiring that various funds previously designated as special funds now be deposited into the general fund,” Rubisoff explained in an emailed response. “This is a big change to the revenue reporting process, and since July is the first month in this new process, it’s simply taking us more time to adequately review collections.”
Daily Journal
8/25/16
