Budget outlook takes another hit with Boeing's 787 announcement
Last updated 10/8/2020 at 2:51pm
It is official. Boeing will consolidate its 787 manufacturing in South Carolina. This news has many implications for the state including a direct impact on the state’s budget outlook. Although the September revenue forecast didn’t make an assumption about what Boeing would decide, a downside risk to the forecast was if South Carolina was picked.
From the September revenue forecast:
“The potential consolidation of Boeing 787 production in South Carolina and resulting decline in Washington aerospace employment is also a major concern.”
Responding to the news that Boeing would likely p...