It seemed unusual last month when the media’s monthly state revenue watch’s abrupt halt coincided with continued rising revenues.
Well, the much-predicted state revenue crater has continued to not materialize. And the media still isn’t talking about it.
Today Budget Director Mary Lassiter reported August General Fund revenues increased $44.7 million or 7.6% over last August.
Interestingly, Lottery revenues increased 3.7% even after the KLC was forced to cut marketing expenses slightly. Maybe we should cut some more of their advertising budget.
In the face of rising revenues, once again, straightening out any budget shortfall calls for less spending rather than more revenue.