Monday, December 12, 2011

Budget hearing at 3:30 today

A bipartisan plan to close nearly one-fourth of the projected $2 billion state budget gap was set for a hearing Monday in the House Ways and Means Committee.
The bill, by Chair Ross Hunter of Medina, spells out $480 million in cuts and savings in the 2011-13 biennial budget, which was initially adopted by the Legislature last spring. Since then, the economy’s sluggish growth has resulted in official forecasts that revenues will fall $2 billion short of what’s outlined in the budget, plus necessary reserves.

To read this story in Spanish, click here.