Balance Sheets - Analysis of Department Budget Requests

This document includes the LSA's analysis of department budget requests for the next fiscal year. It is published in mid-December of each year. The LSA balance sheet referenced in this document includes a projection for the next fiscal year and is usually based on the October estimate of the REC. The projection is intended to be used for planning purposes by the General Assembly in addressing budget decisions for the next fiscal year. The projection incorporates the current revenue estimates of the REC and bases the appropriation estimates on current law. The LSA does not assume the enactment of legislation that would affect the budget.