Forecast
Latest Outlook
- In the two months since the September forecast, events have unfolded as expected, despite the high level of uncertainty in the baseline.
- The November baseline forecast is $122 million lower for the rest of the biennium, but downside risks remain high.
Four times each year, three state economic and revenue forecasts must be prepared; an official forecast, an unofficial forecast based on optimistic economic and revenue projections, and an unofficial forecast based on pessimistic economic and revenue projections.