Fiscal Year 2025 Revenue Likely to Exceed State Projections by At Least $4 Billion
Reasonable assumptions about state revenue growth show additional spending power and quell concerns about future budget gaps By Emily Eisner, Ph.D., Economist and Andrew Perry, Senior Policy Analyst March 15, 2024 View PDF of Report Toplines: FPI’s model of State revenue growth projects FY25 revenue will likely exceed current forecasts by at least $4 billion. The DOB’s assumed growth rates for State revenue are very low by historical standards and are out of sync with [...]