Even five-year forecasts may need to change quite dramatically each time they are reviewed, in this case typically on an annual basis.
Additionally, legislation that would change district financial reporting requirements from a five-year forecast to a three-year one might also be amended.
The report, the administration's five-year forecast, sketches a gloomy picture of the state's finances through the middle of the decade.
If anything, the administration's five-year forecasts have usually proven overly optimistic.
The rates of variation are measured and entered into a computer to produce a five-year forecast.
The projections, in a five-year forecast that the Budget Division is required to make each year, are frequently inaccurate.
That in itself does not begin to represent an accurate five-year forecast for the metropolitan area teams.
He also proposed a budget every two years instead of an annual one, an independent board of economic advisers, five-year economic forecasts and 10-year bonding packages.
Spread sheets, bottom lines, and five-year financial forecasts bore the socks off me.
The Bush administration, for example, provided only five-year forecasts of the unified budget in its latest documents; the practice had been 10 years.