‘Deteriorating economic outlook’ dims state budget picture

in

May 18 2020

By Matt Murphy, State House News Service / WWLP

“More current data indicate that the economy is unlikely to ramp up quickly and the job loss will be far greater than originally expected. As the size, scope, and duration of this public health crisis grow, we have revised our forecast to reflect the deteriorating economic outlook. With rapidly-changing economic and fiscal conditions this may not be the last time a revised forecast becomes necessary,” McAnneny said.

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