LFB ups projected ending balance for 2017-19 budget b y $137.5 million

The Legislative Fiscal Bureau today upped its projected ending balance for the 2017-19 budget by $137.5 million with revenue projections for the two-year period improving slightly.
That’s less than 0.4 percent of the overall GPR spending projected for the full two-year budget.
Along with the increase of $76.3 million in tax collections and another $1.7 million more in departmental revenues, the nonpartisan LFB is projecting a $97.7 million drop in appropriations.
The majority of the spending decrease, the agency said, is due to re-estimates on the necessary amount to fund general fund debt ser...

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