State revenues are as flat as flat can be with a new quarterly forecast due out next week.
A new report Tuesday indicates that collections for the month ending Sept. 10 were just $1.1 million below expectations. Total tax collections since the last quarterly forecast are $20.8 million above expectations. That’s six-tenths of 1 percent.
Collection reports often – but not always – hint at what the fortunes will be found in the next forecast. The Olympian has more here.
And it’s the revenue forecasts, combined with forecasts for state services, that combine to identify the size of any budget surplus or shortfall facing the Legislature in the next legislative session.