Heading toward the halfway mark in fiscal year (FY) 2018, the state’s short-term fiscal outlook remains unclear. At this point in the fiscal year, the state budget appears to be in balance, with known spending needs largely offset by stronger than expected revenue collections. However, several potential budget problems are lurking on the horizon while a change in revenue trends or a surge in capital gains collections could quickly eliminate any revenue surplus. This brief outlines the current fiscal situation and highlights issues to watch in the months ahead.
December 15, 2017
FY 2018
FY 2018 Fiscal Update
Heading toward the halfway mark in fiscal year (FY) 2018, the state’s short-term fiscal outlook remains unclear. At this point in the fiscal year, the state budget appears to be in balance, with known spending needs largely offset by stronger than expected revenue collections. However, several potential budget problems are lurking on the horizon while a change in revenue trends or a surge in capital gains collections could quickly eliminate any revenue surplus. This brief outlines the current fiscal situation and highlights issues to watch in the months ahead.
