Staff Reports
The House and Senate agreed upon the broad outlines of a state budget Monday night and will soon name conferees to work out the details.
Senate budget chief Rob Bradley confirmed late Monday that a deal between the House and the Senate on budget allocations had been reached. Budget conferencing could begin as soon as Tuesday.
Allocations are the big chunks of state money that go to each budget subcommittee to fund the various parts of state government. The panels will do the heavy lifting and fine-point negotiations that result in the state government’s spending plan.
No numbers have yet been released, but a top source offered these three nuggets: $400 million in school safety initiatives, record funding for K-12 and higher education, and close to $100 million in tax cuts.
General revenue is one of the sources of income used to build a multi-billion dollar budget. That’s combined with federal and state trust funds.
