The state's fiscal year is poised to end on a relatively positive note, senators heard this week.  The state's nonpartisan forecasting agency updated the Senate Revenue Committee of its estimate, now about $35.4 billion.  “In the last week or so,” said Dan Long, executive director of the Commission on Government Forecasting and Accountability, “we've seen an increase as a result of final payments, and we believe we will end this year with $300-500 million more revenue in Fiscal 15 than was originally projected.”
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The estimates between COGFA and the Governor's Office of Management and Budget for the year which has two months to go are about $30 million apart. You may not think that's a small amount of money, but these people are handling tens of billions, and one billion is one thousand million.
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