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Page Two <br /> June 2 , 1983 <br /> Third, indexing would be suspended. If a shortfall <br /> was forecast before September 15, 1984, the amount <br /> is estimated to be $83 million; after September 15, <br /> 1984 the amount is estimated to be $26 million. <br /> • Fourth, the Commissioner of Finance would unallot <br /> (impound) up to $100 million, taking into consideration <br /> other resources available to recipients of state <br /> appropriations. <br /> • And lastly, a special session of the Legislature <br /> could be called to deal with any shortfall in excess <br /> of the four items listed above. <br /> SUMMARY <br /> Even though we do not feel a revenue shortfall is likely, <br /> it certainly is a possibility and must not be treated lightly. <br /> The five steps above are necessary for sound financial <br /> • management and to provide information for you to do your- <br /> planning. You should do your financial planning in the <br /> knowledge that several measures have been adopted to assist <br /> in managing the risk inherent in revenue forecasting. You <br /> should also take into account the probabilities (about 1 in <br /> 5) that even these measures may not be adequate to prevent <br /> the necessity for unallotments. <br /> The Department of Finance will be preparing quarterly fore- <br /> casts which are widely covered by the news media. Additional <br /> information will be provided to you as conditions warrant. <br /> ;in e ely, <br /> „l <br /> udy Per i h <br /> Governor <br /> ..r <br />