State revenues project higher than expected given the economic uncertainty
Feb 15, 2021
State budget officials announced this week that the state is in a much stronger financial position than expected in the early stage of the pandemic. The state is expected to receive $4 billion more in revenues than it anticipated in May 2020, meaning there will be much more in coffers for state operations. This is welcome news for state employees and retirees as budget negotiations begin.
SEANC will press upon legislators the need to recognize the hard work and sacrifices made by state employees during the pandemic, as well as the continued need for help for retirees, by investing in raises and cost-of-living adjustments.
SEANC Director of Government Relations Suzanne Beasley reviews this announcement as well as the COVID relief package that passed this week and other bills in this week's Legislative Update.