Ky. economists to meet to make revenue forecast

AP News
Posted: Dec 21, 2009 10:01 AM

A panel of Kentucky economists will meet Monday afternoon to forecast tax revenues for the coming year.

Those economists from Kentucky universities serve on a financial forecasting group that advises state officials on revenue expectations.

Their work has been especially noticed during the economic recession when state revenues plummeted, causing widespread cuts to government services.

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The panel's last prediction, made in October, was for an additional $160 million revenue shortfall this fiscal year.