State faces $6.3B budget shortfall as COVID-19 craters revenues

The state budget is estimated to be $6.3 billion short in the next two fiscal years as state revenues fall due to the COVID-19 pandemic, and state leaders are hoping for a massive bailout from the federal government to help ease the damage. State budget experts called the state’s economic forecast “sobering” and “unprecedented” at … Continue reading State faces $6.3B budget shortfall as COVID-19 craters revenues