The Senate Operating Budget for the 2009-11 biennium will be released today at 10:30 am. Watch the press conference live here.
There is a $1.3 billion shortfall in the 2007-09 operating budget and a projected budget deficit of approximately $8.1 billion for the 2009-11 operating budget. Spending cuts already implemented, federal recovery funds, and the state “rainy day” fund are expected to mitigate this deficit, with approximately $3.5-4.5 billion in cuts to the 2009-11 operating budget. Further cuts and/or revenue increases will be necessary to balance the budget for the 2009-11 biennium, however.
Cuts to the University of Washington are expected to be on a significant magnitude greater than the Governor’s proposed budget.
The House Operating Budget for the 2009-11 biennium will be released tomorrow (Tuesday) at 10:00 am.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment