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Opinion

State agencies left $84 million unspent in fiscal 2009

State agencies left $84 million unspent in fiscal 2009
Chuck Muth
October 25, 2009

State officials got an unexpected windfall when they closed the books on fiscal 2009 revenues: The shortfall caused by falling revenues at the end of the year was erased by an unexpected increase in reversions. Reversions are revenues that state agencies either didn’t need to spend or were unable to spend during the fiscal year. They revert back to the state treasury.

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