Budget Update

February 29, 2012

There is budget news, but no budget as yet. The budget proposed by the Senate Finance Committee failed to pass in the Senate; the budget proposed by the House Appropriations Committee did pass in the House. That bill (HB30) was amended by the Senate Finance Committee yesterday to basically “conform” to the Senate budget; it will be heard on the Senate floor today. There is no guarantee that it will pass. If the House bill fails in the Senate, it is unclear how or when they will move the reconsider to bring either bill back before the full Senate. Absent reconsideration, we may end the year without a budget!