State expects $1.4B less in tax revenue; more cuts expected [The state's chief economist Arun] Raha sees no indication things will turn around soon. "The Great Recession is turning out to be a never-ending nightmare," he said. "I truly wish I could assure you this nightmare is about to end, but I see no end in sight."
This story fills me with despair. We are well and truly fucked. We are plummeting downward, and there is apparently no bottom.