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Legislative analyst Christopher Lahoset briefs JFAC on the green sheet and warns of a $78 million shortfall
Summary
Christopher Lahoset of the Legislative Services Office walked the Joint Finance-Appropriations Committee through the green sheet— the legislature's general-fund cash reconciliation—explaining revenue drivers, transfers and structural-balance concepts and warning that the forecasted ending balance would be negative $78,000,000 if lawmakers took no action.
Christopher Lahoset, a budget and policy analyst with the Legislative Services Office, told the Joint Finance-Appropriations Committee that the green sheet is the legislature's working cash-reconciliation for the state general fund and uses starting cash, revenue, transfers and appropriations to calculate an ending balance. "This is a General Fund cash reconciliation document that helps inform the legislature on the relationship or the function between forecasted tax revenues, cash transfers, policy bill fiscal impacts, and appropriations," he said.
Lahoset walked members through the basic formula: add starting cash, add forecasted revenues, include transfers and subtract expenditures to arrive at an estimated ending cash balance. Using the current numbers on the green sheet, he said…
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