January 15, 2022

GOP Adopt Lowball Revenue Estimate to Engineer Future “Surpluses”

The Economic Outlook and Revenue Assessment Committee met Thursday to adopt a revenue assessment. The committee’s recommendation was then accepted Friday by the Joint Finance-Appropriations Committee (JFAC) for budgeting purposes.  The Republican legislators on EORAC voted to adopt the governor’s forecast, which was lower than almost every committee member’s, as well as the various modeled projections from experts. House Democratic …

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