State fiscal analysts increased their revenue forecasts by about $377 million for 2025 and 2026, although the state continues running a budget deficit that will leave its ending balance in the red by 2029.
While the new revenue forecasts paint a hopeful picture for the state, there were warnings of future uncertainty with the state spending $930 million more than revenues in fiscal 2025, $555 more than revenues in 2026 and $831 million in 2027.
The state budget director warned that the state budget, drawn up by the Legislature for the first time this year, was "structurally imbalanced."
The state . . .
SSJ
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