More Bad News
- Calif. Gap May Be Only $26 Billion. Finestone, Deborah // Bond Buyer;1/16/2003, Vol. 343 Issue 31554, p1
Cites a report by California Legislative Analysts Office on estimates of state budget deficit for fiscal year 2003-2004. Proposed measures to bridge the fiscal deficit; Reasons for discrepencies in various revenue estimates; Allocations for different programs and services in the budget.
- Delaware Economic Council: Revenues in 2005 Will Be Better Than Expected. Newman, Emily // Bond Buyer;5/19/2004, Vol. 347 Issue 31887, p4
Reports on the revision by the Delaware Economic and Financial Advisory Council (DEFAC) of the state's revenue estimates on May 18, 2004. Value added to state coffers for 2005; Increase by the DEFAC of its revenue projections for fiscal 2004 and fiscal 2005 budgets; Indications from the May 2004...
- Forecaster Drops Washington Revenue Estimate by $482M. Saskal, Rich // Bond Buyer;6/22/2009, Vol. 368 Issue 33135, p4
The article focuses on the economic forecast provided for the 2007-2009 biennium by Arun Raha, one known economic forecaster of Washington State. Released on June 18, 2009, his quarterly forecast claims that the state budget has decreased to $482 million. He adds that his revenue forecast for...
- Report: State Officials Eye Projected GDP and Hope for Better Times. Sanchez, Humberto // Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p5
Reports that according to a report published by the Nelson A. Rockefeller Institute of Government, state budget officials are cautiously optimistic that growth in the U.S. economy through the next calendar year will translate into improved state finances. Projected increases in the nation's...
- State Revenues Picking Up, NCSL Says. Vadum, Matthew // Bond Buyer;11/24/2003, Vol. 346 Issue 31768, p5
Reports on the increase of the state tax revenues with the recovery of the national economy in the U.S. as of 2003. Comparative number of states facing budget gaps in 2002 and 2003; Annual growth increase of gross domestic products; Prevalence of states with a stable revenue outlook.
- NCSL Finds State Budget Situation Improving. // Electronic Education Report;9/3/2012, Vol. 19 Issue 17, p6
The article offers information on the findings of the National Council of State Legislatures (NCSL) in the U.S. on its "State Budget Update: Summer 2012" report. It notes that NCSL's report has determined that state budget outlooks are improving amid the vulnerability of the state finances....
- Revenue Drop Puts Bigger Hurt on Ohio Budget. Shields, Yvette // Investment Dealers' Digest;6/12/2009, Vol. 75 Issue 23, p13
The article reports on the shortfall of the current budget of Ohio in 2009. It notes that some business analysts blamed the rating downgrade on the cumulative impact on the credit profile of the state during the global economic recession. It mentions that the newly estimated budget revenues will...
- Betterign Economy Eases State Budget Woes For Now. Darmiento, Laurence // Orange County Business Journal;9/20/2004, Vol. 27 Issue 38, p6
Reports that an improvement in California's economy has eased the state's budget problems. Move by two Wall Street ratings agencies to raise the state's bond ratings; Total revenue that the state has raised since the start of the fiscal year on July 1, 2004; Forecast for the entire 2004 fiscal year.
- WASHINGTON: GOP Senator Sees $7B Gap. Ward, Andrew // Bond Buyer;1/9/2009, Vol. 367 Issue 33038, p9
The article reports on the forecast of Senator Joseph Zarelli on the budget gap for 2009 in Washington. Zarelli noted that the budget gap may soon reach $7 billion. On the other hand, Democratic Governor Christine Gregoire estimated a $5.7 billion gap. The gap is the difference between the...