Opinion Columns & Blogs

Another month, another missed revenue estimate

The release of July revenue numbers late Monday was a timely reminder of the state’s fiscal problems ahead of Tuesday’s primary elections. Though it wasn’t as bad as some previous months, the state missed its revenue estimates for July by $12.8 million, or 3 percent. Corporate income taxes and retail sales taxes were the main drags, missing estimates by $16.7 million. Lawmakers left almost no margin for error, so if revenue continues to miss the mark, as it did nearly every month last fiscal year, expect another round or two of midyear budget cuts. Consider this mess when you go to polls – and the incumbent lawmakers who helped create it. – Phillip Brownlee