The nonpartisan Office of Fiscal Analysis is projecting a fiscal year 2015 deficit of $191 million, it said Wednesday.
That’s up nearly $41 million since OFA’s February projection.
And it’s well above the Office of Policy Management own $132.8 million projection, released late last week. That projection was up 117 percent from OPM’s prior-month calculation.
OFA said its increased number is largely due to lower revenue from federal grants related to Medicaid, as well as lower taxes and refunds and higher IT costs from a nearly 22 percent increase in Medicaid enrollment.
