The Art of budget forecasting

We have not yet reached the end of the first month of the new fiscal year but already Treasurer Scott Meacham has publicly predicted that state General Revenue collections will fall far enough short of the forecast to trigger an… Read more [More...]

Revenue figures: A tale of two half-years

Treasurer Scott Meacham today released revenue collections for the final month of the just-completed fiscal year, FY ’09. As was widely expected, the numbers were dismal: June General Revenue (GR) collections came in 30.1 percent below last year and 26.2… Read more [More...]

Coming up short – understanding the revenue shortfall

On Thursday, Treasurer Scott Meacham declared a revenue shortfall for the current budget year, FY ’09, and announced that state agencies would be required to take an across-the-board cut in their allocations for June, the final month of the fiscal… Read more [More...]