Preliminary Analysis of FY 2010 Year-end Statement and Out-year Projections

RIPEC today released its analysis of the state’s FY 2010 completed budget year, as well as projections of out-year deficits. Based on a preliminary audit by the State Controller, FY 2010 ended with a slight surplus of $17.7 million due to lower than expected spending.  However, out-year deficit projections show an increase to between $361.5 …

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