The Department of Finance last projected a budget shortfall in February, 1992.
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| Date: Tuesday, December 4, 2001 | |
| Video Coverage: The Department of Finance releases the November forecast | |
| About the Topic: | |
| Commissioner of Finance, Pam Wheelock, releases the November revenue forecast. A budget
deficit of $1.953 billion is projected for the 2002-03 biennium. Commissioner Wheelock and State
Economist, Dr. Tom Stinson, explain how the downturn in the economy has caused the forecast to
change so drastically over the last nine months.
The Department of Finance last projected a budget shortfall in February, 1992. |