LFB: State facing $2 billion structural deficit
The state faces a structural deficit of more than $2 billion for the 2011-13 biennium, according to an analysis the Legislative Fiscal Bureau released today.
The structural deficit produced in the final version of the budget is less than those that would have been created in the versions of the budget proposed by the guv, JFC, both houses of the Legislature and the conference committee.
It is also the worst structural deficit the state has faced since the almost $2.9 billion going into the 2003-05 budget.
See the memo here.
LFB also released a budget amounts and comparisons memo and one on federal stimulus funds.
See the comparison memo here.
See the stimulus funds memo here.
-- By JR Ross




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