commentary
March 4, 2021
State?s revenue picture remarkably rosy
The state Board of Equalization met Feb. 16 to certify revenue for the Legislature to appropriate for Fiscal Year 2022. The board approved a constitutional limit on appropriations of $7.9 billion. A total of $9.6 billion in revenue was actually certified, but that amount includes $1.7 billion in one-time cash and non-recurring revenue. In comparison, the Legislature appropriated $7.8 billion for Fiscal Year 2021, which was a little below a record high budget year of $8.1 billion in FY20.