US EditionFiscal analysts increase revenues, but state spending outpaces revenues
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Fiscal analysts increase revenues, but state spending outpaces revenues
State fiscal analysts increased their revenue forecasts by about $377 million for 2025 and 2026, although the state continues running a budget deficit that will leave its ending balance in the red by 2029. While the new revenue forecasts paint a hopeful picture for the state, there were warnings of future uncertainty with the state spending $930 million more than revenues in fiscal 2025, $555 more than revenues in 2026 and $831 million in 2027. …
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