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Published on Friday, March 17, 2017

New state revenue forecast positive

Last week, the state’s Economic and Revenue Forecast Council (ERFC) released its quarterly revenue forecast. That forecast predicts an additional $303 million in state general fund revenue ($313 M in total revenue) than previously estimated for the 2017-19 biennium. However, it’s likely that this increase is not enough to fund the maintenance-level of the budget. This means that state-shared revenues and programs for cities are still at high-risk for cuts. 

Categories: Budget & finance