We're NOT in the money | Arkansas Blog

Wednesday, March 25, 2009

We're NOT in the money

Posted By on Wed, Mar 25, 2009 at 10:01 AM

Tax cuts safely passed, Beebe administration finance chief Richard Weiss now can safely tell legislators that the outlook isn't quite as rosy as previously predicted. Arkansas Business reports on the expected revision in the state money outlook, with its need to use more of the surplus to "plug" holes and pray for a rebound to sustain ongoing operating expenses.

Weiss said Beebe will need $100 million, not $60 million, to meet needs in the next budget year, when revenues will effectively show virtually no increase over the current year, an increase of less than 1 percent.

Some more details here.

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