State Reports Improved Budget Outlook
The Division of the Budget (DOB) released a new analysis on October 30 that shows significant progress in the State’s fiscal picture. According to the so-called mid-year update, DOB has lowered its projected budget gap for State fiscal year (SFY) 2025 from $9 billion to $4.3 billion, mainly because of lower-than-expected spending. It also reduced...
November 17, 2023