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Budget deficit gets a precise number

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Posted: Apr 14, 2010 8:04 AM by Andrea Fontenot
Updated: Apr 14, 2010 8:33 AM
Source: Associated Press

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Topics: budget, capitol, estimate, deficit, revenue, shortfall, Revenue Estimating Conference, fiscal year

Update: The Revenue Estimating Conference made a formal estimate of the deficit for the current budget year that ends June 30.

The projected deficit for remainder of 2010 fiscal year is $319 million.

The new fiscal year starts July 1st.

The latest deficit presents a problem since it's happening so late in the fiscal year.

Any cuts that are made can only be spread over two or three months.

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