The 88th General Assembly
has convened the 2012 fiscal session

Tuesday, March 27, 2007

RSA speadsheet placed on the desks

Pursuant to Section 18(E)(7) of the Joint Rules, the schedule reflecting the allocation of funds in the Revenue Stabilization Law and the General Improvement Fund Distribution Law for the next biennium must remain on each member's desk for a period of three days prior to being considered for final passage. The Revenue Stabilization Act is the mechanism that facilitates a balanced budget and prevents deficit spending by allocating general revenue to the various fund accounts for state agencies by priority. A special meeting of Joint Budget was convened last night at 5:30 for the purpose of correcting an error in order to have the spreadsheets with figures placed last night. This would still allow us to move the RSA out of the House and adjourn by Friday.

On getting out by Friday: After passing the facilities bill out yesterday, the biggest two items in front of us include the RSA and the GIF distribution. Assuming we can pass those two items out by Friday and work through the Budget calendar, we could still get out of here by the end of the week. I can't think of any other pressing items worthy enough to keep us around. I heard Christina Munoz report last night that the Senate voted yesterday to extend the session by one week. The status of SCR27, which does just that, shows that it has not been considered as of yet. We're working as if we're trying to get out of here by the end of the week.