||State fiscal year begins each year, and in odd-numbered years, state fiscal biennium
|July through December
Groundwork is laid for upcoming legislative session. Ongoing budget activity, budget-related
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.
||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
|Monday following third Saturday in May
||Constitution mandates end of regular session.