It’s Budget Leak Time
There are formal and informal elements of the state budget process. One formal part is the requirement that the governor present a budget proposal to the legislature in early January (Jan. 10). The legislature is supposed to enact a budget by mid-June. But there are also informal elements. For example, it is traditional that the governor present the legislature with a “May revise” modified proposal for the budget in mid-May. Another tradition is that bits of news about the budget begin to leak out around this time. Given the realities of the complexities of the state budget, by now the…