Administration, Fiscal Agencies Reach Consensus on Revenue Estimates
State Treasurer Rachael Eubanks, State Budget Director Chris Kolb, Senate Fiscal Agency Director Chris Harkins and House Fiscal Agency Director Mary Ann Cleary, Friday, reached consensus on economic and revenue figures for the remainder of Fiscal Year (FY) 2019 and for the upcoming 2020 and 2021 fiscal years.
Following today’s Consensus Revenue Estimating Conference, net FY 2019 General Fund-General Purpose (GF-GP) revenue is projected at $10.70 billion, up $288.6 million from estimates agreed to in May. Net FY 2019 School Aid Fund (SAF) revenue is now estimated at $13.55 billion, down $23.9 million from May. Combined, GF-GP and SAF estimates are up approximately $264.7 million for FY 2019.
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