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Business Services director briefs Commission on biennial budget outlook
Summary
Business Services Division Director Laura Holmes briefed the Commission on the biennial transition and budget outlook, emphasizing continued revenue planning and the need for financial modeling to inform staff and Commission decisions.
Business Services Division Director Laura Holmes provided a financial update to the Commission at the Aug. 27 meeting, describing the agency’s biennial budget transition and the near-term budget outlook.
Holmes outlined the importance of strengthening revenue streams and using long-term financial modeling to guide decisions over the biennium. The briefing was informational; no budget appropriations or changes were approved at this meeting. The Commission adopted priorities that include budget strategies and a requirement that staff identify at least two improved revenue streams to analyze during the biennium.
