The state money report is out today.
Year to date gross state revenues: $4.2 billion. That’s 9 percent above last year and 7 percent above forecast. (That forecast for the next fiscal year could get adjusted today by the panel of economic advisers on account of the continuing positive direction of revenues.)
The net is $233.7 million above forecast. Which amounts to surplus. Which spells O-I-N-K.
A significant fact is that the trend is not only continuing, it gained momentum in April, when state gross tax revenues were 9 percent above last year and 14 percent above forecast.