Department of Finance provides MHSA estimates for next four years

Department of Finance provides MHSA estimates for next four years – modest continued growth forecast to bring total to nearly $2 Billion

Last month I reported that two newspaper stories indicated that counties had hundreds of millions of dollars in unspent MHSA funds above their prudent reserve for the inevitable eventual economic downturn.

CBHDA had responded by indicating that counties considered this to be one time funding created by a spike in MHSA revenues which would not be sustained. This suggested that counties believed that MHSA revenues would go down in the next years and so I asked the state department of finance if they could take their multi year estimates of state income tax revenues and do similar estimates for MHSA revenues. Continue reading Department of Finance provides MHSA estimates for next four years