The state Comptroller General’s office released its annual budget report last month, giving citizens insight into the sources of state revenue and how that money was spent as well as suggestions for future spending. Here’s the bottom line: The government needs to spend less.
According to the report, the General Fund this year accumulated $7.582 billion in revenue, slightly more than the $7.271 billion collected during fiscal 2016. However, it states, “the revenue growth rate has been slowing during the past two fiscal years.”