It’s $522 million less…
The March revenue forecast shows state revenue down $552 million more for the remainder of this biennium (07-09) and the upcoming one (09-11).
"The (economic) outlook is worse, both for the nation and the state," said Arun Raha, the state's chief economic revenue forecaster.
This morning's news means that the state's budget shortfall is now about $9 billion.