“Senate Session Series”

Edgar's picture
March 7, 2016 
 
It’s the sixth week of session and we received more bad news last week. The state Finance Director announced that another four percent across-the-board cut would have to be made to get agencies through the current fiscal year. Unfortunately, our economy is too dependent on the energy sector and low oil prices have devastated our state revenues. We are a balanced-amendment state meaning that we can only spend as much as we have so agencies must cut to adjust for the loss of revenue and keep the budget balanced.

 

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