Consolidate Revenue Forecasting Process

Item 284 #2s

Language
Page 213, line 42, strike "$396,317" and insert "$711,317".
Page 213, line 42, strike "$396,317" and insert "$796,317".
Page 213, after line 43 insert:  
"The Department of Taxation shall assume the staffing and responsibility for the revenue forecasting of the Commonwealth Transportation Funds, including the DMV Special Fund, as provided in §2.2-1503 of the Code of Virginia.  The Department of Planning and Budget shall effectuate the transfer of three full-time equivalent positions and sufficient funding to ensure the successful consolidation of this function."

Explanation
(This amendment consolidates the revenue forecasting process and staffing into one unit at the Department of Taxation. Currently, both the Tax Department and the Department of Motor Vehicles have revenue forecasting staff and processes.)