CSPAN2 Key Capitol Hill Hearings January 24, 2015
Revenue. Last year we based our budget on an anticipated Revenue Growth of 3. 4 percent. That was in keeping with our pattern of conservative budgeting. So when fiscal year 2014 ended, our actual revenue was 4. 8 percent. That differential between what we spent and what we collected is deposited into our Rainy Day Fund. Every budget cycle since i have been governor we have added to that fund so that it has increased by 643 percent since i took office. [applause] annual Revenue Growth, coupled wi...
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