2007 Senate Bill 772 ↩

Senate Roll Call 329: Passed

To authorize a one-month “continuation” or interim budget for the fiscal year beginning Oct. 1, 2007, equivalent to 1/12th of the current year appropriations for all state departments. The measure was introduced as a contingency in the event that no agreement is in place by that day to close a gap of approximately $1.7 billion between desired spending and expected revenues in the current and upcoming fiscal years. In addition to the amount they would get in October under current law the bill also authorizes $164.5 million from FY 2006-2007 appropriations to colleges and universities, the disbursement of which was pushed into the following fiscal year as part of the deal to borrow and postpone disbursements to avoid spending cuts in the Fiscal Year 2006-2007 budget. When the bill was introduced no progress had been made in negotiations between the Democratic House, Republican Senate and Democratic Governor to close the gap between desired spending and expected revenue.