Missed Revenue Projections Expected to Lead to Tighter State Budget

07/19/2024

Although state officials say the state is in a “solid” financial position despite state tax revenues coming in $485 million less than expected in FY24, lawmakers and budget officials tell Cleveland.com that the next state budget will be “a little tighter.”

Budget Director Kim Murnieks told the newspaper that she expects a return to a “normal budget” after the spending and revenue impacts of the COVID-19 pandemic have “run their course.” 7/15/2024

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