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Legislative Weekly Report: January 2, 2018 to January 5, 2018

The Legislature began conducting FY2018-2019 budget presentation hearings from the various state government agencies including the four counties. The State Administration Operating Budget is $14.254 billion (a 4% increase) for FY2018 and $14.377 billion (a 4.9% increase) for FY2019. The State Council on Revenues is projecting a 5.5% increase in revenues (from 4.5%) but is warning that the economy “could be affected by negative impacts from unforeseeable geopolitical events.”

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