State operating budget $5 billion in excess
Last updated 3/23/2021 at 8:31am
Everybody associates March 17 with St. Patrick’s Day, that one holiday in which we are all encouraged to wear green. Around the Capitol last week, March 17 brought a different meaning of "green."
That morning, the state Economic Revenue and Forecast Council announced the first state-revenue forecast for this year showed a surprisingly large increase of $3.3 billion through the 2021-23 budget cycle and $5.2 billion over the next four years.
It is the largest positive quarterly forecast change on record. Since the state operating budget must balance over four years, legislative budget write...