The state’s cycle of budget deficits continues
|
The state’s cycle of budget deficits continues. That’s the news from this morning’s release of the November 2012 Economic Forecast. The state ended the August special session with a $1.1 billion deficit projected for the FY 2014-15 biennium. And that’s where the number stands in the new forecast. When taking the impact of inflation into account, the deficit is closer to $2.0 billion in FY 2014-15 and $2.1 billion in FY 2016-17. Continue Reading