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Barclay

State’s Financial Picture Worse than Anticipated

The State Comptroller’s Office recently released its quarterly cash report. The report states that revenues are about $305 million below what economists projected for the April through June 2009 period. The report is significant because it is the first actual look at estimated income tax payments for the year. By that measure, the Comptroller predicts we’ll be in for mid-year budget cuts again this year. […]