Ohio Starts FY' 11 With Surplus But Faces Big Deficit in New Biennium

Devitt, Caitlin
July 2010
Bond Buyer;7/7/2010, Vol. 373 Issue 33345, p8
Trade Publication
The article reports on a deficit faced by Ohio as it heads into the biennial budget in 2011. According to Senator Shannon Jones, the 8 billion U.S. dollar deficit is an acknowledgement of upcoming economic bubbles that the state are going to be in for the next fiscal year. However, the state is said to craft a balanced budget to make sure that financial structure complies with the constitutional requirement.


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