In the coming days, Lt. Gov. Tate Reeves is expected to convene the 14-member Legislative Budget Committee to consider raising the revenue estimate, meaning the Legislature will have more money to appropriate as it attempts to pass a budget before the March 31 deadline.
For the current fiscal year, which ends June 30, revenue collections are more than $170 million more than what was appropriated by the Legislature during the 2013 session.
“I believe the revenue estimate is likely to be raised,” Reeves said recently.
At some point soon, the Republican lieutenant governor said the state’s financial experts – the state economist, treasurer, fiscal officer, a member of the Budget Committee staff and the tax commissioner – will discuss the possibility of raising the estimate.