That's what the General Assembly's Fiscal Research Department (FRD) is projecting the current year budget deficit to grow to be fiscal year end in this report.
FRD's projections mirror the recent estimates produced by the governor's Office of State Budget & Management.
The projections, however, more than likely will be altered significantly before the end of fiscal year this summer. The FRD report notes that "Most of the remaining unpredictability comes in the
April-June period and is centered on corporate income tax payments and non-withholding payments
under the personal income tax." In other words, budget makers could be in for a very disappointing April surprise this year. Let's hope the amount of funds being withheld under Purdue's plan (as intitiated by Easley) will be sufficient.