On Thursday the Governor's budget office missed the legal deadline for releasing its five-year projections of the state's finances.

But five-year projections are notoriously inaccurate, especially for new programs.

Response: For a five-year projection, 0.383 and rising.

Discrepancies become "more substantial" in five-year projections, he said.

That transition most likely will take two or three years longer than the original five-year projection, she said.

Officials in both houses of the Legislature said they had no response to the five-year projections.

We envisioned ourselves as a very demanding client to whom we had to show a marketing plan, a business plan and a five-year projection.

Another survey did a five-year projection of enrollment based on housing density.

But officials in the Governor's budget office said planning to commit funds on the basis of a five-year projection was irresponsible.

Malcolm Forbes once said that anyone who says businessmen deal in facts, not fiction, has never read old five-year projections.