Unexpected surplus of $876 million forecasted for the current biennium
The November economic forecast just released surprised many who were predicting a deficit to the tune of $500 million to $1 billion. However, the state economist is forecasting a surplus of $876 million for the rest of the 2012-2013 biennium. This improvement in the state’s short-term financial outlook can be partially attributed to better than average employment and wage growth […]