December 01, 2004
PUBLIC FINANCE > Budget > FY Pre-2008

MTF Forecast: Rising Revenues in 2005 and 2006; Insufficient to Close Budgetary Imbalance

Over the next two fiscal years, state tax revenues will rise between four and five percent annually as a result of gradually improving economic conditions, according to the Foundation's new forecast. However, despite the improved tax outlook, the state is still struggling with a significant structural deficit.