Finance Updates

Committee Meeting: Finance Meeting

Senate Standing Committee on Finance  Senator John A. DeFrancisco, Chair  Tuesday, March 4, 2014  Room 332 CAP

*This meeting will be CALLED OFF THE FLOOR and be held in Room 332 of the CAP*

March 4, 4:26 PM - 4:29 PM
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Economic and Revenue Review - SFY 2014-15

In conjunction with IHS Global Insight, the Senate Finance Committee reviewed and analyzed the economic and revenue projections contained within the Executive Budget for FY 2015. Based upon IHS Global Insight’s February economic forecast, the Senate Finance Committee projects $265 million in General Fund revenues (inclusive of miscellaneous receipts) above the Executive Budget forecast for FY 2015. This amount is enhanced by the estimate for the remainder of FY 2014, which is $88 million above than the Executive estimate. Therefore, the two year General Fund receipts forecast is $353 million above the Executive forecast.

Please read the full report attached below:

File: 
Economic and Revenue Review - SFY 2014-15

February 26, 2014
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