Monday, December 18, 2006

WRONG, it's the other way around

The title of this article in the Memphis Business Jrnl reads:

State tax collections miss budget estimate

it should read:

Budget Estimate misses State Tax Collections

Its seems silly to base the State Budget on an "expert" prediction of what revenue is likely to be, which is always wrong of course, and not on the actual amount of collections from the previous year.