Tag: Scott Meacham

State revenue glass: Half-full or half-empty?

Treasurer Scott Meacham today announced that General Revenue (GR) collections for the first month of the new state fiscal year, FY ’11, came in 9.9 percent above the prior year and 11.9 percent above the official certified estimate. The sales… Read more [More...]

Revenues: Despite improvements, next year’s die is cast… unless the Legislature acts

Today’s announcement of the monthly General Revenue collections brought incontestable good news: State revenue collections in March topped prior year collections for the first time since December 2008 and the official estimate for a second consecutive month, State Treasurer Scott… Read more [More...]

Ambidextrous revenue report: One the one hand…on the other hand…

The latest state revenue collections announced today provided mixed news: State revenue collections in February exceeded the official estimate for the first time since December 2008, but fell short of prior year collections for the same month, State Treasurer Scott… Read more [More...]

Will the brakes be put on tax breaks?

There is definitely something in the air. Over the past several weeks, there has been a heavy flurry of attention paid to the state’s system of tax expenditures, the array of over 450 exemptions, credits, deductions and the like that… Read more [More...]

New revenue numbers: Still waiting to exhale

We may never have expected to see the day when the announcement that monthly revenue collections had come in 16.7 percent below the prior year and 20.8 percent below the certified estimate would be taken as good news. But after… Read more [More...]

Why government can't be run more like a business

Last week I attended the Stand Up for Seniors advocacy forum which focused on the impact the state’s worsening economic and fiscal situation is having on programs serving seniors. State Treasurer Scott Meacham was among the elected officials who addressed… Read more [More...]

Learning from the crisis (2): Strengthening our reserve funds

As state leaders struggle to find solutions to this year’s revenue shortfalls and funding gaps, it is not too soon to draw lessons from the current state fiscal crisis to design policies that will allow us to respond better the… Read more [More...]

State revenues: The storm may be subsiding but the forecast remains bleak

The latest monthly budget release (PDF) from Treasurer Scott Meacham provided some good news and some bad news. The bad news is that October revenues fell well short of projections, as they have in each month of the current fiscal… Read more [More...]

Continuing bleak revenue collections provide no easy solutions

Yesterday’s announcement of state revenue collections for September marked the end of a truly dismal quarter. Collections for the 1st quarter of FY ’10 were 29.5 percent below the first three months of FY ’09. The graph below shows that… Read more [More...]

Cutting into the bone: Impact of falling revenues starting to be felt

Anyone hoping for signs that the state’s budget woes had already hit bottom found little to cheer in Tuesday’s  revenue announcement [PDF] from Treasurer Scott Meacham. August General Revenue (GR) collections came in nearly 32 percent below one year ago.… Read more [More...]