Thursday, May 12, 2011
State Budget Defecit Eases
The non-partisan Legislative Fiscal Bureau announced yesterday that it has revised its tax revenue estimates for the upcoming budget period and expects the state to take in $636 million more than it had originally expected. The governor's office gave no detailed plans for the extra income but said that it should be used to pay off debt. The Governor, at a news conference, also noted that some of it may be used to lessen cuts. However, he was quick to note that it would not affect his plans to eliminate collective bargaining rights for public workers.
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