Gov. Sonny Perdue is expected to announce new, lower budget projections today at a 4 p.m. news conference.
By Blake Aued
Athens Banner-Herald
March 11, 2010
Perdue has proposed a $17 billion budget for the fiscal year beginning in July based on rosy economic projections that show revenue growing at a 4 percent clip.
But tax collections dropped nearly 10 percent in February compared to a year earlier, according to figures Perdue’s administration released Monday.
Legislators say they must fill a $2 billion hole in next year’s budget. Proposals for meeting the shortfall include more employee furloughs, laying off 8,000 state employees, steep cuts to higher education, cutting highly-paid administrators’ salaries, a tax on hospitals, a $1-per-pack cigarette tax, raising fees and taxing the wealthy.
Perdue may also announce more budget cuts for the current fiscal year.
Originally published in the Athens Banner-Herald on Thursday, March 11, 2010
http://www.onlineathens.com/stories/031110/bre_584598773.shtml
© 2010 OnlineAthens • Athens Banner-Herald
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