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Revised revenue estimates add $42M one‑time and $50.3M ongoing, Rep. Bigelow says
Summary
Representative Bigelow reported a modest revenue improvement: $42 million in one‑time funds for fiscal year 2004 and $50.3 million in ongoing funds for fiscal year 2005, but cautioned the increases will not cover all committee priorities.
Representative Bigelow presented revised state revenue estimates to the House, telling members the updated numbers include $42,000,000 in additional one‑time funds for the current fiscal year and $50,300,000 in additional ongoing revenue for the budget being prepared for the next fiscal year.
Bigelow emphasized the improvement is positive but limited: "There will not be enough money to meet all of the priority items that were put together in the committees," he said, urging members not to assume the figures solve budget shortfalls. He pointed legislators to page 2 of the handout for line‑by‑line details and invited questions.
The representative reiterated that the trend is upward but slow, and that lawmakers should form a consensus as they reconcile competing priorities. No legislative action was taken immediately to appropriate these funds; members were advised further detail would be provided in upcoming days.
What’s next: The figures will guide committee budget negotiations and the third‑reading calendar; members were instructed to review distributed handouts and prepare questions for forthcoming discussions.
