#msleg Budget Committee could revise revenue estimates this weekend

Legislative leaders face Saturday deadline

House Speaker Philip Gunn, R-Clinton, is not ruling out the possibility of the Legislative Budget Committee meeting to possibly revise the state’s revenue estimate before the Saturday night deadline for the legislative leadership to reach a budget agreement.

“That is part of the discussions,” Gunn said.

It is not uncommon for the Budget Committee to meet late in the spring to revise the revenue estimate – just before passing a budget for the upcoming fiscal year that begins July 1. The Budget Committee makes its initial estimate of the amount of revenue that will be available to appropriate in the fall, but often revises it in the spring based on more current data.

Daily Journal
3/24/17