Correction: This is a correction to the forecast - not the budget. By the state's own admission, there could be as much as an $18 billion dollar budget deficit

Correction: This is a correction to the forecast - not the budget. By the state's own admission, there could be as much as an $18 billion dollar budget deficit if the state economy fails to grow as projected. It could also be a smaller shortfall if the economy is even better than expected. Miscalculations are pretty common and this is why they are revised several times a year.