Legislative budget director Cathy Holland-Smith is briefing JFAC members on all the numbers, in preparation for the committee setting budget target numbers for both the current and the 2010 fiscal years. The background is complex as can be, and every theoretical change - whether or not the state will conform to the $14 million in income tax changes in the federal stimulus bill, whether or not the grocery tax credit will continue to rise, changes in state tax revenues, etc - affects the bottom line. This morning, the committee will reach a decision on the budget target, and then every budget decision it makes for next year, in the coming weeks, must fit within that.