It’s almost time for lawmakers to start work on the state budget.
But after several cycles of tortuous negotiations made more difficult by persistent revenue shortfalls, it looks like this year might be smoother sailing.
Thanks to last year’s weak revenue collections, lawmakers were faced with a nearly $1.5 billion hole.
They finally filled it through—mostly—borrowing. But it took until late October, three months past the deadline.
This year, the shortfall is much smaller.