The Purpose of the Biennial Revenue Estimate Is to Provide

Multiple Choice

The purpose of the Biennial Revenue Estimate is to provide

A) a detailed forecast of total revenues that the state is expected to take in over the next biennium.
B) a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle.
C) a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle.
D) the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle.