BOSTON (AP) — The new fiscal year doesn’t start for another six months, but on Beacon Hill, lawmakers, economists and advocates are already looking ahead.
One of the first steps in the budget-writing process is to agree on how much the state is expected to bring in through taxes and other revenues during the 2013 fiscal year, which begins July 1.
That so-called consensus revenue figure is the basis for the three initial versions of the state budget crafted separately by Gov. Deval Patrick, the Massachusetts House and the Massachusetts Senate.
On Monday, lawmakers hold a hearing to give public officials and budget watchers a chance to make their best estimates.
Among those expected to testify at the Statehouse hearing is Revenue Commissioner Amy Pitter and state Treasurer Steven Grossman.
Copyright 2011 The Associated Press.