Budget
Meetings & Hearings
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Past Meetings & Hearings
Joint hearing with Senate Education and Senate Appropriations Committee on Total Experience Learning Program
Department of Health Budget Hearing
Governor’s Budget Office/Department of Revenue Budget Hearing
Department of State Budget Hearing
News
Public Hearing Reviews Innovative, Hands-On Learning Program
A joint public hearing of the Senate Education Committee and the Senate Appropriations Committee reviewed the Total Experience Learning Program today, which leads students in experience-based learning activities and trains teachers in new methods to improve student outcomes. [Read More]
The Monthly Report – November 2023
NOVEMBER 2023 Highlights Total General Fund tax revenues were $118.6 million, or 3.9%, above the monthly estimate. Total General Fund revenue collections for the first four months of the fiscal year are short of estimate by $47.5 million, or 0.4%. Personal income tax exceeded estimate for the month of October by $35.6 million, or 2.8%, but remains below estimate on the fiscal year by $77 million, or 1.5%. Consumer spending remains stagnant, as sales and use tax collections failed to meet estimate for the fourth consecutive month in the fiscal year. [Read More]
The Monthly Report – September 2023
September 2023 Highlights General Fund revenue collections of $2.9 billion in August were below the monthly estimate by $27.1 million, or 0.9%. For the 2023-24 Fiscal Year to date, total General Fund revenues are $27.2 million, or 0.5%, lower than the Official Revenue Estimate through the month of August. New collective bargaining agreements with the […] [Read More]
The Monthly Report – August 2023
August 2023 Highlights Total General Fund revenues were $185.3 million, or 6.9%, higher than last year at this time. General Fund tax revenue was $129.1 million, or 4.9%, more than last year. Corporate net income tax collections were $31.3 million, or 20.8%, higher than July 2022 collections. Fiscal Year 2023-24 Revenues Off to a Good […] [Read More]
The Monthly Report – June 2023
The Highlights General Fund tax revenues were $90.7 million lower than the monthly estimate in May, the third time in the past five months that tax revenues have failed to meet projections. For the 2022-23 Fiscal Year, Personal Income Tax collections are nearly $400 million below projections. The non-partisan Independent Fiscal Office is projecting General […] [Read More]
Majority
Members
The committee reviews all legislation for its fiscal impact and plays a crucial role in negotiating and developing the state budget. Each year, the panel holds a series of public hearings with leaders of state departments and agencies to study the governor’s budget proposal and ensure taxpayer dollars are being utilized properly.