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Friday, January 14, 2011

Biennial Revenue Likely Higher

Comptroller’s office notes that the $4.3 billion deficit for the current biennium comes from the budget adopted in 2009, and does not reflect the roughly $2 billion in cuts agencies adopted earlier this year under direction from the Governor, Lt. Governor, and Speaker. The actual deficit should be closer to $2.3 billion. This means the $72.2 billion number will likely be higher, perhaps $74 or $75 billion available for the current biennium.