Legislative Fiscal Bureau Tweaks Revenue Projections

Tuesday, May 16th, 2023 -- 1:01 PM

(Bob Hague, WRN) A slight readjustment to the state’s fiscal outlook.

The nonpartisan Legislative Fiscal Bureau on Monday projected that state revenues will  be $755.1 million lower than the agency’s January projection. That would still leave the state with a $6.9 billion surplus at the end of June, and revenues are expected to grow over the next two years.

The Republican co-chairs of the Joint Finance Committee, Representative Mark Born and Senator Howard Marklein said the re-estimate confirms that the Legislature is on the right track in putting together a cautious budget.

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