Lawmakers Agree: Budget Gap Is $14B
Lawmakers did meet one budget deadline today: They agreed that the budget deficit has grown by about $1 billion, bringing the total 2009-10 deficit to $14 billion.
The legislative leaders and the governor’s office met yesterday to discuss the state’s revenues for the upcoming fiscal year. They reached consensus today; they had until March 1 to reach agreement on the size of the budget gap.
The $14 billion gap has been generally agreed to by legislative leaders after the state Assembly estimated that the deficit would grow by $1 billion, moving it up from $13 billion.
“The parties agree that the weaker economic outlook reached in economic consensus should result in a decrease in General Fund receipts of $1 billion when compared with the amount projected in the Executive Budget,” a statement from the governor’s office states.
| 
Email This
Advertisements
Hilarious. On February 24, 3009, they “meet” and agree that the state’s economy is bad, even worse than they had thought a year ago. So, what’s new? Of course they agree. Not one of them has a clue. They’ve agreed to remain clueless while announcing to the Press that they have come to “agreement.” What agreement? The Governor handed out a projection sheet and they, in their unison of ignorance, agree we have major problems. A month from now, they will announce to the Press that they have agreed that something must be done.
Actually, 2009, but in a thousand years, will anything up there be any different?