After yesterday’s forecast, we received some questions about how state revenues have performed historically. Kriss put together a graph showing Near General Fund State (NGFS) collections, including the forecast through 2013. These projections show tax receipts not climbing back to 2008 levels until the end of the biennium.

This chart, tracking NGFS spending since 2000, shows how stimulus spending from the feds filled the gap last biennium.

Discuss.