"The long and short of it is,
He noted that the fiscal year 2015 budget proposal is based on projected revenues to be collected in FY 2015, and that 2014 deficits must be dealt with separately.
"It has to be addressed," Graham said. "But the one has nothing to do with the other."
He said the only way a budget shortfall in FY 2014 would affect the next year's budget is if a loan had to be taken out to cover the shortfall, and the repayment of such a loan had to be factored into the following fiscal year.
Seeking a working capital loan is not being considered by the
There are measures that will address at least part of the deficit coming soon, Graham said.
The other issue hampering the timely budget submittal is the enterprise resource planning system, according to deJongh.
"The lack of upgrades to our ERP System has created substantial difficulties and delays in our ability to input a new fiscal year budget into the system. We anticipate that
Malone said this claim is unacceptable.
"All it means is that you can't generate a report, it doesn't mean you don't know how much money you have in the bank," Malone said. "That is unacceptable."
Malone said the
"We support it you know, we just don't think that you need the money for that right now," Malone said. "Why can't we use that money for other things that are needed for the people?"
"They can wait until
In a letter deJongh sent to
This is the fourth year in a row that the budget has been late.
The budget gap for the current fiscal year has been a problem since the budget was put in place in October. It started as a
Despite many public hearings with the governor's financial team, and closed-door meetings between senators and the governor,
The late submission puts pressure on the
Graham had already scheduled an overview of the budget for
The annual budget hearings help senators learn more about budget requests of each government department and agency that receives funding under the governor's proposal.
Graham said the departments and agencies that receive General Fund budget appropriations will be scheduled during the summer months and the autonomous agencies will be heard in September.
In order to be efficient, he is pairing larger agencies with smaller ones so that the budget hearing days are not overly long.
"I think the schedule should flow better," he said.
At the end of the summer, once budget hearings are complete, the majority caucus will go into budget mark-up and make changes to the governor's proposal. Then, the
The new fiscal year begins
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