Budget Office Timeline

The Governor’s Budget is the result of a process, which begins more than one year, before the budget becomes law.  When presented to the Legislature on January 10 of each year, the Governor’s Budget incorporates revenue and expenditure estimates based upon the most current information available through late December.  In the event that the Governor wants to change the budget presented to the Legislature during budget hearings through Finance Letters.  During late spring, usually May and June, the Department of Finance submits revised expenditure and revenue estimates for both the current and budget years to the Legislature.  This update process is referred to as the May Revision.  The Department of Finance also prepares monthly economic and cash revenue updates during the fiscal year.  Please find a printable budget timeline link below.