Thursday, July 29, 2010

Governor to request new budget deficit tools

Next month Governor Gregoire will decide whether to call a special session or issue across-the-board cuts to deal with the state's current budget deficit. With the reluctance of lawmakers to agree to a special session (despite the request for one by Sen. Zarelli) the Governor will likely issue across-the-board cuts of between 3 and 5 percent. As we pointed our earlier this month, this option does not allow the Governor to leave a reserve meaning she could be forced to issue additional across-the-board cuts again in September and November depending on what happens with the state's revenue forecasts . . . READ MORE

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