State Budget Outlook Better Than Expected

Members of the General Assembly’s Spending Affordability and fiscal committees learned of a lower than expected revenue shortfall yesterday during a briefing by the Department of Legislative Services (DLS).  Warren Deschenaux, Executive Director of DLS, informed the members that the state budget gap, originally anticipated to be $740 million, has been reduced to $250 million as a result of favorable bond premiums, lower state employee health care costs due to vacancies, a reduction in Medicaid obligations, and recent budget cuts made by the Board of Public Works.

Spending Affordability Briefing Document

Washington Post Coverage

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s