The state would face a structural deficit of $286 million for the next biennium under the budget the Joint Finance Committee approved, according to the Legislative Fiscal Bureau.
That would be one of the smallest structural deficits over the past two decades.
LFB projected the 2015-17 budget would leave a positive balance of $146 million. Otherwise, the other nine of the previous 10 budgets have resulted in an average structural deficit of nearly $1.6 billion. The highest was a structural deficit of $2.9 billion from the 2003-05 budget.
The measure compares future spending commitments to curre...