State lawmakers may have more money to work with in next year’s budget, especially for education. The state House Fiscal Agency is revising its estimate the amount of tax money that’s funneling into the school aid fund and the state government general fund.
Revenues may be nearly $200 million dollars more than originally estimated for this fiscal year and estimates for next fiscal year, starting in October, have gone up too.
Ari Adler, spokesman for state House Speaker Jase Bolger, says it’s too soon for state government to start planning on spending more money.
“I think what that really shows is that there is a lot of fluctuation in revenue estimating,” Adler says. “That’s why even when things sound good and you might have a little more money you shouldn’t try to run out and spend it right away.”
Adler says by the end of this month, legislative leaders hope to have a budget plan for next year.