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