Consensus revenue fails to meet hopes and expectations

Word has it that the consensus revenue figures due early this evening will make budgeting even tougher for lawmakers as they craft the new two-year spending package set to take effect July 1. April tax collections have lagged, confirming Republican predictions earlier today. So the General Assembly will have to come up with $90 million more in spending cuts – or tax increases, in the case of the Finance Committee – in the first year of the biennium and $150 million in the second.