January 01, 2003

MTF Forecast: Revenue Shortfall in 2003, Weak Growth in 2004

Because of the continuing weakness of the state and national economy -- and the uncertainty about future economic growth -- state tax revenues will fall short in fiscal 2003 and grow at an anemic pace in 2004, according to a forecast presented by MTF to members of the House and Senate Ways and Means Committees at their annual revenue hearing.