June 01, 2003
PUBLIC FINANCE > Budget > FY Pre-2008

2004 Legislative Budget: Constructive Effort, But Major Challenges Remain

Budget conferees face a two-fold challenge as they hash out the differences between the House and Senate versions of the fiscal 2004 budget: minimizing the $300 to $500 million gap between proposed spending and on-going revenues in the two budgets; and preserving the impetus for reform of government operations by adopting the strongest of the reform proposals advanced by each branch.