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Controller’s office reports $7.4 million projected deficit, differs from administration’s surplus estimate
Summary
Deputy comptroller's response to the administration's third-quarter gap analysis shows a projected deficit driven by unsettled legal costs and conservative treatment of a tribal-compact payment.
The Comptroller’s Office told the Finance Committee it projects a near-term deficit of about $7.4 million for fiscal year 2025 based on its third-quarter gap analysis, a figure that contrasts with the administration’s estimate of a roughly $2.1 million surplus.
Delano Dowd, deputy comptroller, said the principal variances include (1) a conservative approach that did not count an anticipated second tribal-compact advance payment of about $5.4 million until the funds were received and (2) a newly finalized legal…
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