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May 15, 2013 10:06 AM by AP

Income forecasting panel reviews its estimates

The state's income forecasting panel is considering whether to boost revenue projections, a move that would help provide more dollars for state spending.
Actions of the Revenue Estimating Conference on Wednesday also will decide whether the House version of next year's budget is balanced.
Part of the bipartisan compromise reached in the House relied on the anticipation that the forecasting panel would increase the revenue projections by at least $90 million for the fiscal year that begins July 1. Senators are combing through that budget proposal.
The Revenue Estimating Conference is a four-member panel. Its members include the governor's Commissioner of Administration Kristy Nichols, Senate President John Alario, House Speaker Chuck Kleckley and LSU economist Jim Richardson.
Any changes to the income forecast require a unanimous vote.




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