The state will end the biennium with an $87 million surplus if it collects as much in taxes in the 2017 fiscal year as expected, according to fiscal bureau director Bob Lang. The surplus amount reflects a $101 million deferral of debt payment and legislation adopted this past session. It doesn’t include any adjustments in spending.
Let’s take some of that surplus and apply it to the debt. It’s the responsible thing to do.
The key word in that paragraph is “if”. Right now they are running ~.6% behind expectations.
Celebrate good government.