While the strong revenue performance of recent months is welcome news, the state's budgetary difficulties are far from over. Even with the improving revenue picture, 2005 revenues will barely be sufficient to support ongoing spending in state programs.
June 01, 2004
FY Pre-2008
2005 Budget: Managing the Fiscal Recovery—Too Soon to Celebrate
While the strong revenue performance of recent months is welcome news, the state's budgetary difficulties are far from over. Even with the improving revenue picture, 2005 revenues will barely be sufficient to support ongoing spending in state programs.