Saturday, October 15, 2011

Consensus Forecasting Group Considers General Fund

{Kentucky}...The Consensus Forecasting Group met Friday with state budget officials and estimated that revenue in the state's $9 billion General Fund will grow by 2.8 percent, which is less than the 3.5 percent growth rate predicted in August. The group earlier estimated that the state would end fiscal 2012 with a $192 million surplus. The economists plan to update the estimate again in December with a final forecast in January. The group cautioned that the national and international economy could hurt the state's finances over the next two years.