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Jan 13, 2011 6:12 AM by Nichole Larkey & AP

Revenue estimating panel adjusts forecast Thursday

BATON ROUGE, La. (AP) - The state's revenue forecasting panel
revises its income projections Thursday, giving the governor and
lawmakers the latest numbers that will be used for devising next
year's budget.
While the Revenue Estimating Conference may boost income
estimates slightly for next year, legislative leaders say they
don't expect adjustments to reach anywhere near the revenue levels
needed to erase a $1.6 billion budget gap.
The 2011-12 fiscal year begins July 1. The governor will submit
his budget proposal March 11. Lawmakers will craft a final version
after that, in a regular session that begins at the end of April.

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