Revenue Forecast: First Glance

Today is February 8.  So you might wonder why the revenue forecast issued today was dubbed the "March" forecast. State economist Tom Potiowsky told lawmakers at a meeting of the House Revenue Committee this morning that it's kind of like the magazine industry where the April issue shows up in your mailbox sometime in early March. No matter the date, Potiowsky didn't have terribly good news for the Legislature: He predicted another $183 million dollar drop since the December forecast, which was issued in--you guessed it--November. You can read the full details of the most recent forecast here.