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Budget deficit gets a precise number

5 years ago April 14, 2010 Apr 14, 2010 Wednesday, April 14 2010 Wednesday, April 14, 2010 7:04:36 AM EDT in News
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.

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