June - Preliminary revenue estimates are made. DBM prepares and issues instructions to agencies. July 1 - Current fiscal year begins. Final revenue estimates are made on which the budget allowances are based.
Governor makes decisions on budget allowances and budgets are printed.
December - Spending Affordability Committee recommends suggested operating budget limits to the Governor and General Assembly. Budget Bill is submitted with detailed supporting documentation. By constitutional provision, the General Assembly may only concur in or reduce the budget of the Executive, but may reduce, concur, or increase the budget appropriations for the Legislature and Judiciary. July 1 - New fiscal year begins. The budget priorities book has summary data and budget highlights.