Preliminary Analysis of FY 2008 Deficit
Based on a preliminary audit by the State Controller, the fiscal year 2008 will close with a deficit of $33.6 million. The deficit is a combination of a revenue shortfall of $8.2 million and overspending by State departments totaling $27.0 million. To address this shortfall in FY 2008 and its implications for FY 2009 RIPEC …
