The legislature voted today to take a two week break.  They will reconvene on March 8th for the 21st legislative day of the session.

Legislators stated that the break is needed to give them time to work on budget issues with the Governor.

We’ve heard that legislators are waiting to see if the revenue report from February is as dismal as January’s which were over $200 million less than had been projected. If the trend continues, legislators may have to cut more from the FY 10 amended budget which has now passed both chambers and is awaiting the appointment of a conference committee to work out differences.  Moreover, the Governor’s FY 11 budget is based upon a projection of a 4% revenue growth and on the passage of the hospital tax both of which appear unlikely.