The Dispatch reports on good news coming from state government at the end of FY2010:
State government ended the 2010 fiscal year Wednesday in the black with an unobligated ending balance of $139 million.
The balance reflects the difference between the state’s ending cash balance of $510.3 million and its outstanding obligations of $371.3 million, Budget Director J. Pari Sabety said last week.
The state’s budget picture wasn’t looking so good in April, when personal income taxes came in below projections by $229.1 million, or 16.3 percent.
However, state spending in the fiscal year totaled $25.6 billion, or about $500 million less than expected, Sabety said.
