Expect State Budget Surpluses

by Garey Forster

The Revenue Estimating Conference (REC), the body that determines how much the state has to spend, last week recognized budget surpluses for the next two fiscal years - $217 Million for the current budget year ending June 30 and $214 Million for next year’s budget, which begins July 1.

Corporate income tax collections were below projections, but personal income and sales tax collect…