According to a new analysis, the proposed 2004 budget recently adopted by the House -- like the Governor's budget -- fails to fully close the structural hole in the state's finances. Following almost $2 billion of spending reductions over the last two years, the deep cuts recommended in both budgets will require the layoff of thousands of state and local workers and significant reductions in services.
May 01, 2003
FY Pre-2008
House 2004 Budget: Some Reforms, But Structural Gap Remains
According to a new analysis, the proposed 2004 budget recently adopted by the House -- like the Governor's budget -- fails to fully close the structural hole in the state's finances. Following almost $2 billion of spending reductions over the last two years, the deep cuts recommended in both budgets will require the layoff of thousands of state and local workers and significant reductions in services.
