July 1 |
State fiscal year begins each year, and in odd-numbered years, state fiscal biennium
begins.
|
July through December |
Groundwork is laid for upcoming legislative session. Ongoing budget activity, budget-related
events, trends,
and issues are analyzed for their fiscal policy implications. Budget divisions, committees,
and legislative commissions hold special meetings to examine pending issues.
|
End of November |
Department of Finance issues November Forecast of state revenues and expenditures. |
Beginning of January |
Legislature convenes, begins official budget hearings and committee hearings to discuss
pertinent issues and bills. Staff drafts bills and amendments upon request of Senators.
|
Fourth Tuesday in January in odd-numbered years, or third Tuesday in February, if a new
governor has just been elected
|
Governor issues detailed budget for following biennium. |
Mid February |
Governor issues detailed budget and policy bills for the next biennium. |
End of February |
Department of Finance issues February Forecast of state revenues and expenditures. |
March to June |
Legislature finishes committee and budget hearings, bills are debated and voted on in floor
sessions, and conference committees meet to finalize bills. Governor signs or vetoes
legislation.
|
Monday following third Saturday in May |
Constitution mandates end of regular session. |