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As conferees meet to resolve the Fiscal 17 budget due to begin July 1st, they were met with bad news on the revenue side. After a disappointing May, it appears that June revenues will not meet benchmark as well.
The entire law enforcement community is mourning the loss of Auburn officer Ronald Tarentino Jr who was shot after a motor vehicle stop early on Sunday morning. Tarentino, a veteran officer was married and a father of three served several departments in his career.
As the Senate prepares to release their version of the fiscal 17 budget, they were met with disappointing revenues for April. A usually good month for revenues, April showed a $92 million or 3% decline from April 15. This surprise puts fiscal 16 revenues some $261 million below benchmark.
March revenues rose over 12% to $2.27 billion and beat the benchmark by $37million. This still leaves revenues $86 million below benchmark for the fiscal year ending in June. As we enter the last quarter of fiscal 16, similar results should mean a balanced budget.