Story Archives: Caution needed in forecasting state revenues
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Caution needed in forecasting state revenues
House Speaker Jim Tucker and LSU economist Jim Richardson were correct to hold the line last week on recognizing an increase in revenues for state government.
Tucker and Richardson are members of the state Revenue Estimating Conference. The conference is comprised of the governor or his designee, the Speaker of the House of Representatives or his designee and the president of the state Senate or his designee. The REC also is comprised of a faculty member from a state college or university or one of the private institutions who is an expert in revenue forecasting.
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