Fiscal year (FY) 2018 ends in less than a month and final action to officially close out the year will likely occur before legislative session ends at the end of July. For the first time in several years, the year will end with tax revenues that significantly exceed expectations. This brief takes a closer look at what conclusions should – and should not – be drawn from recent tax collections and previews the decisions policy makers will face as the fiscal year concludes.
June 19, 2018
FY 2018
FY 2018 Fiscal Update: Closing out the Year
Fiscal year (FY) 2018 ends in less than a month and final action to officially close out the year will likely occur before legislative session ends at the end of July. For the first time in several years, the year will end with tax revenues that significantly exceed expectations. This brief takes a closer look at what conclusions should – and should not – be drawn from recent tax collections and previews the decisions policy makers will face as the fiscal year concludes.
