STATEMENT OF TREASURER TATE REEVES
ON REVISED REVENUE ESTIMATE

March 15, 2011

“Today, the Joint Legislative Budget Committee adopted the Revenue Estimating Committee’s revisions from its November estimate – a 0.9% increase for FY 2011 and a 1.4% increase for FY2012.

With the economy still recovering, the Revenue Estimating Committee was extremely cautious when forecasting our revisions. I applaud our conservative approach considering the uncertainty of gas prices, unsteady housing market, and other economic trends.

I hope the Legislature and the Governor work to craft a budget over the next few weeks that is equally cautious and conservative. The taxpayers deserve no less.”

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