By the numbers: FY’10 revenues down..from FY’01
Last week, Treasurer Scott Meacham presented the preliminary data on full-year collections to the state’s General Revenue fund for FY ‘10, which ended June 30th. He emphasized both the magnitude of the decline in collections from the prior year – $945 million, or 17 percent – and the shortfall in collections compared to the initial certified estimate for the year, which, at 15 percent, may have been the largest mid-year shortfall in state history.
We’ve now gone further back to see where the drop in state revenue collections leaves us. The numbers are pretty striking:


