Budget Office Reports Modest Changes to State Financial Picture
The Division of the Budget (DOB) on Wednesday released its first quarterly update for State fiscal year 2025. DOB reported that total State funds are $1.8 billion above previous estimates due to Federal reimbursements, lower-than-expected spending, and income tax revenues above expectations. However, DOB said these developments would not alter overall budget projections. DOB also...
July 26, 2024