Tuesday, March 16, 2010

New Revenue Estimate Due Out Tomorrow

Tomorrow at 9 a.m., a new revenue estimate will be released for FY 2011. This is one of the last reports House and Senate budget conferees wait for before beginning final budget negotiations. However, based on how "projections" have played out in the last couple of years, it might be wise to base revenue estimates on something more realistic and proven.

I've spoken to one of the House budget conferees, and they expect the revenue estimate to be pretty dismal, projecting even less money than originally thought.

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