EORAC panel unanimously accepts governor’s revenue estimate
The motion to accept the governor's revenue estimate - even though every committee member came up with a lower number - has passed unanimously in the joint Economic Outlook and Revenue Assessment Committee. Members said the differences between their numbers and the governor's just weren't that big, so accepting his estimate was reasonable. The governor's figure is $2.80822 billion for the current year, fiscal year 2014, and $2.987767 for the coming year, fiscal year 2015. The committee's report says that's a "reasonable forecast," and says, "Although the committee median is lower ... on this date we find the governor's projection ... is reasonable to begin the fiscal year 2015 general fund budgeting process."