After much discussion of operating and capital budget guidelines, the Spending Affordability Committee approved a recommendation to limit growth to zero percent in the FY 2011 budget. This basically cuts the budget deficit in half , reducing it from $2 billion to $1 billion. Republican members of the Committee asked members to “entertain a truly zero growth budget” by recommending a spending level of -7.44%. If approved, this would have resulted in an approximate $2 billion reduction out of the discretionary portion of the General Fund budget, which is approximately $8 billion. Because of mandated spending on medicaid and education, roughly 60% of the General Fund budget cannot be reduced.
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- Post published:December 18, 2009
- Post category:State Budget and Fiscal Issues
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