DOA reports slight improvement in general fund balance compared to previous estimate

The state finished the 2017-18 fiscal year with $579 million in the general fund, a slight improvement from previous projections, the Department of Administration announced late this afternoon.
The final accounting for the fiscal year found the state had $41.2 million more in the bank than what was estimated when the 2017-19 legislative session ended this spring.
Still, that $41.2 million is less than 0.3 percent of general fund taxes collected over the course of the year.
DOA also reported the state saw general fund tax collections increase 4 percent, which was in line with previous projectio...

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