Budget day in the House started off with a 12:15 press conference on the 2010 supplemental operating budget.In dealing with a $2.7 billion budget gap for the remaining half of the 2009-2011 biennium, the House proposal outlines $465 million in fund transfers including use of the Rainy Day Fund, $1.25 billion in reductions, and $857 million in anticipated new revenue.
Additional details can be found here, here and here.
A revenue package is expected to come out later this week.
Coming up later: the proposed supplemental Capital and Transportation budgets. Stay tuned...!
