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Sen. Hilliard: Updated revenue estimates reduce projected shortfall but leave FY2011 gap
Summary
Sen. Hilliard presented updated revenue projections showing no change to the current fiscal-year target but an ongoing FY2011 shortfall of about $37 million compared with governor assumptions, urging caution for agency expectations and recommending reserve planning.
Sen. Cinder Hilliard on the Senate floor distributed revised revenue-estimate sheets and told colleagues the state’s current fiscal-year target remains unchanged at $194,000,000 but warned of continuing shortfalls in the next fiscal year.
Hilliard said the General Fund had fallen by about $5 million while the Uniform School Fund rose by roughly $5 million, leaving the overall target unchanged for the fiscal year in…
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