State budget forecast still gloomy

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Posted: Jan 21, 2011 6:11 PM by Mike Steele
Updated: Jan 21, 2011 6:11 PM
Source: WBRZ

  Rating: 5.0 (1 vote)

Topics: billion, shortfall, budget, Greg Albrecht, forecast

The state budget forecast still shows a $1.6 billion dollar shortfall.

It also shows the same shortfall five years from now.

Budget analysts say if the current deficit is fixed this year, most of the five year debt disappears.

Some lawmakers say the public can't understand why recent spikes in the price of oil haven't helped.

Economist Greg Albrecht says the low price of natural gas has actually caused the overall mineral rights revenue to drop.

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