Governor Ernie Fletcher’s Communications Office
Governor Ernie Fletcher Calls for Updated Revenue Forecast
Consensus Forecasting Group requested to review revenue outlook
FRANKFORT, Ky. – Governor Ernie Fletcher today announced that he has instructed the State Budget Director, Brad Cowgill, to request an updated revenue forecast from the Consensus Forecasting Group (CFG), the independent group which formulates the official revenue estimates upon which the budget is based.
The request issued today by Brad Cowgill asks that the CFG complete its review and update the official forecast of both the General and Road Funds for Fiscal Years 2007 and 2008 by January 19, 2007.
“Now that the 2007 General Assembly has convened, legislators in both the House and the Senate have expressed their desire to spend additional funds beyond the budget enacted last year,” said Governor Fletcher. “I have identified several priority areas which will need attention as well. Given this, it is only prudent and responsible that we have an independent review of our revenue outlook prior to making new spending decisions.”
CFG Notice January 07.pdf