State Budget To Finish In Black

POSTED BY: George Hiotis
Monday, June 24, 2002 - 05:46 AM
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Going into the final week of the fiscal year, Taft administration officials say Ohio will finish in the black. That's thanks to a one and a half billion-dollar corrective measure enacted by the legislature earlier this month. The Office of Budget and Management says state tax collections for May were well below corresponding figures last year. But officials says the tax nosedive was taken into consideration when adjustments were made. Assistant budget director Tim Keen predicts the budget year will end June 30th with a balance of 100-million dollars. Officials will be watching closely to see if state lawmakers will have to return to session later this year for another balancing act.

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