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Two weeks ago, the appropriations committees in the State Legislature approved budget bills representing their priorities for spending. The next step is for each legislative chamber to approve or amend the proposed spending bills. That began this week. Once the budget bills are approved in each chamber, they are closer to final negotiations on the differences between the House, Senate, and Governor’s proposals. With the Consensus Revenue Estimating Conference scheduled for next week, lawmakers will have updated estimates on available revenue to help inform their discussions as they finalize the budget for the next fiscal year, which begins on October 1, 2023 (FY24).
Download ECIC’s color-coded summary with a few highlights from the budget proposals approved by the House and Senate Appropriations Committees and watch for more updates and action alerts as the state budget process continues.
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