Revenue estimate may increase today

Lt. Gov. Tate Reeves has confirmed that he will call a meeting of the 14-member Legislative Budget Committee today to consider raising the state’s revenue estimate.

If the estimate is raised, there will be more money for the Legislature to appropriate for the upcoming fiscal year that begins July 1.

Legislative leaders are facing a Saturday night deadline to reach a budget accord that the full Legislature then has until Monday to pass. The Budget Committee will hear a recommendation from the state’s financial experts before making a final decision Tuesday.

But Reeves conceded Monday that state tax collections currently are up, meaning it is likely the estimate will be raised.

Daily Journal