New England Public Policy Center Policy Brief No. 09-4
by Yael Shavit

Full-text paper

State governments creating their budgets are concerned about available revenues. The basis of a successful budget is a sound revenue forecast. How states arrive at this forecast is both a science and an art and the approach differs markedly among states.  This policy brief responds to the dearth of readily accessible information about states’ revenue forecasting processes by describing, comparing, and contrasting the revenue forecasting processes of the New England states.