Revenue Projections for the State generally Positive

In accordance with State Law, the Executive and Legislature came to agreement on the State’s revenue projections on March 1. Things are now in place for budget negotiations to begin in earnest.

Now that The New York State Division of the Budget, Assembly Ways and Means Committee, and Senate Finance Committee  released the 2012-13 Consensus Economic and Revenue Forecast Report the legislative schedule announced in January may lead to an early budget for the State.

March 12 Senate & Assembly budget actions
March 13 Joint Senate/Assembly budget conference committees commence
March 19-20 Final Report of Joint Conference Committee
March 19-22 Joint Legislative budget bills taken up by Senate & Assembly

 

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