December 31, 2008
PUBLIC FINANCE > Budget > FY 2009

FY 2009 Budget Summary

The attached budget summary shows fiscal 2009 spending after the Governor's first round of "9C' cuts of $708 million and a savings of $100 million by extending from 2023 to 2025 the funding of the state's unfunded pension liabilities.  With these reductions, fiscal 2009 spending increased by 1.6 percent over 2008.