shortage

STATE FACES YET ANOTHER REVENUE SHORTAGE – Going into Friday’s Revenue Estimating Conference, both the House Fiscal Agency (HFA) and the Senate Fiscal Agency (SFA) have predicted the state will face a deficit in the 2008-09 Fiscal Year that will approach $500 million. The numbers from the May Revenue Estimating Conference establish the income levels that legislators will use in both adjusting the current fiscal year’s spending and in developing the budget for the next fiscal year.