“Hopefully, we have hit bottom and the numbers will not go back there. And if that is the case, I think we won’t see the budget gap next year that we saw this year. There may still be one, of course. And it is way too early to try to predict those numbers, but I hope the worse is behind us and the budget has recovered somewhat.”
– State Treasurer Ken Miller, announcing that gross revenue collections for FY 2016, which ended on June 30, were down 7.2 percent ($863 million) from the previous year (Source)