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Re “State Revenue Looks Good, but It Isn’t Likely to Last,” Nov. 18
That our elected officials cannot figure out what to do is quite astounding. It seems obvious to me that reasonable predictions of average income could be obtained using a trailing average, as is done with stock market indexes. Only instead of a 50-day trailing average, perhaps five- and 10-year trailing averages could be used.
When income is above the predicted value, it would be saved for the periods when the state’s revenue is below the predicted value.
BILL ROUNDY
Orange
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