The state’s Independent Fiscal Office (IFO) predicts that state revenue collections will outpace expenditures by $150 million when the fiscal year ends on June 30. But it’s unclear how much of that money the state will carry over into next year.
Along with the surplus estimates, the IFO last week released its estimates on total revenue collections for the 2015-16 fiscal year. The estimates were revised from two earlier reports.
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