Legislators Downplay State Revenue’s Impact On Budget

Legislative leaders referred to the April revenue forecast as key in budget negotiations earlier this session.

brown and bosma

Photo: Dan Goldblatt/WFIU-WTIU News

Tim Brown and Brian Bosma speak at a press conference Tuesday, Nov. 13, 2012.

The April revenue forecast, which predicts the strength or weakness of state revenue growth in the coming months and years, was publicly considered vital to determining the outcome of budget negotiations and particularly the fate of Governor Pence’s income tax cut proposal.

But now, Senate President Pro Tem David Long says the forecast’s biggest impact will likely come only if the predictions are dire.

“You know, with our unemployment situation and with a lot of unknowns still with the economy. It is flat lining right now. That could mean that we have to rethink our tax cut,” Long says.

House Ways and Means Chair Tim Brown says what he is most interested in is changes from the December forecast to the April forecast.

“Is our economy in this fourth quarter looking like it’s still crawling out of the recession or is it flat lining or is there even the possibility that there’s decline of economic activity in the first quarter?” Brown says.

The answer to those questions will be unveiled Tuesday morning when the April forecast is released.

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

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