State budget deficit for mid-year 2018 is up to 1.5 billion dollars
Posted on 8/11/2017 12:27:00 PM.
The state's budget deficit for fiscal year 2018, which begins next July, is up to 1.5 billion dollars. Most of the shortfall is due to the loss of temporary taxes. Rising costs and inflationary expenses also make up the budget gap. But Jonesboro Senator Jim Fannin questions why inflation is included in the fiscal cliff deficit.
 
"It would be a lot better to have real numbers rather then these inflated projected numbers that just scares everybody," Fannin said.  
Budget gap, Jim Fannin, fiscal cliff, 1.5 billion dollars




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