Outgoing budget secretary strikes optimistic tone at mid-year budget briefing

Outgoing budget secretary strikes optimistic tone at mid-year budget briefing

Despite Independent Fiscal Office predictions of a $1.7 billion budget deficit, outgoing Budget Secretary Randy Albright struck an optimistic tone at a mid-year budget report Tuesday, citing a burgeoning state economy.

“We’re confident that we will end the year with not just a balanced budget but a surplus,” he said, adding that “we don’t think we face a $1.5 billion deficit for the proposed budget year.”

Tuesday, December 11, 2018/Author: The PLS Reporter
IFO predicts nearly $2 billion budget hole for next year, complicating budget picture

IFO predicts nearly $2 billion budget hole for next year, complicating budget picture

The Independent Fiscal Office latest numbers project a $1.7 billion deficit, a report that new Democratic fiscal chief Rep. Matt Bradford (D-Montgomery) would have preferred not to have seen.

“I only read good news,” he joked.

But the Minority Appropriations Committee Chair will likely be hearing a lot about that total over the next few months, as the General Assembly turns the page from the smooth election year budgeting of this year to 2019.

Wednesday, December 5, 2018/Author: Stephen Caruso
Categories: News and Views
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