LFB drops revenue projections slightly, but still $2.4 billion more through mid-’21

The Legislative Fiscal Bureau today projected state revenues through mid-2021 will come in slightly below what the Department of Administration had expected two months ago.
Still, the state is looking at an additional $2.4 billion in new money through the end of the next budget thanks to a series of factors. That includes a drop in projected appropriations in the current fiscal year that help offset the revised revenue projection.
Even with the anticipated $142.1 million drop in revenues through June 30, the state is still looking at ending the fiscal year with $69 million more in the general ...

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