The latest revenue forecast issued by the Office of Financial Management on Thursday provides another dose of sobering news.
 
Tax revenue continues to run below projections. The state’s chief economist estimates that state tax collections will be down another $698 million for the 2011-13 biennium.
 
When looking at this report, however, there are several points to keep in mind.
 
Read the rest of President’s Elson S. Floyd’s Perspectives column here.