November 17, 2011 - Yesterday, the Legislative Analyst's Office released a revision of its 2012-13 fiscal outlook, and its about as ugly as it could be. Their projection is that the state will fall $3.7 billion short of the $4 billion revenue increase included in the current year budget. Moreover, they anticipate that we'll start next fiscal year staring at a $13 billion budget gap. The LAO's projection comes hot on the heels of State...Read more »

