The model developed by the Pacey Economics Group in February 2001 was updated to reflect actual data for the current budget year and Legislative Council Staff's December 2006 revenue forecast. The result in the short term is projected state aid costs that are higher than revenue changes,...
Assumptions in the model: The model was updated to reflect actual data for the current budget year and the Legislative Council Staff December 2005 revenue forecast. The result in the short term is higher state aid costs and diversions to the State Education Fund. Higher projections for federal...