From Niki Reading over at TVW’s The Capitol Record blog, she reports that state officials today have announced the state is facing a $2.6 billion shortfall, just months after state legislators and the governor closed a $9 billion budget gap.
Wrote Reading:
On that note, Raha said the current forecast is $760 million less than the previous quarterly forecast. Cumulatively, that’s $5.8 billion down from what they originally expected. That means the state expects to collect about $28 billion in the biennium.
And: The cuts the Legislature made last session aren’t enough. There’s another $2.6 billion or so in cuts (and/or raised taxes) that need to be made.
She’s following the press conference live, check it all out, over here.
