The Joint Finance-Appropriations Committee is gathering for what's likely its final early-morning workshop meeting of the session today, in advance of its 8 a.m. meeting to set the budget for the state Department of Administration and to adopt a "contingency plan" for if revenues still fall short of this year's adjusted budget.

The proposed contingency plan would let the governor, if necessary, tap into the budget stabilization fund, the economic recovery reserve fund and unspent project money in the Permanent Building Fund to balance this year's budget. If all possibilities were tapped, it'd add up to a $107 million cushion, but some of that money's already committed in the fiscal year 2011 budget - so if it's tapped, other steps would have to be taken to balance next year's budget.