Wednesday, November 03, 2010
State Projection Shows $58-M Surplus
KENTUCKY...
An unofficial state projection shows a $58 million budget surplus this fiscal year if the economic recovery remains steady.
The state budget office projects revenues will reach $8.63 billion for the fiscal year ending June 30, 2011. That is $58 million more than the amount of revenue required by the state budget.
But State Budget Director Mary Lassiter told the newspaper that the forecast is, in her words, "very preliminary."
The unofficial projection was part of the quarterly economic report issued this week by the budget office.
The report contains many warnings, saying national experts see the economic recovery as very fragile and there is a chance of a setback.
An unofficial state projection shows a $58 million budget surplus this fiscal year if the economic recovery remains steady.
The state budget office projects revenues will reach $8.63 billion for the fiscal year ending June 30, 2011. That is $58 million more than the amount of revenue required by the state budget.
But State Budget Director Mary Lassiter told the newspaper that the forecast is, in her words, "very preliminary."
The unofficial projection was part of the quarterly economic report issued this week by the budget office.
The report contains many warnings, saying national experts see the economic recovery as very fragile and there is a chance of a setback.
# posted by Homer Owens @ 7:06 PM 
