Archive for Wednesday, February 25, 2009

Governor plans to update FY 2010 budget in light of stimulus funds

February 25, 2009


— Gov. Kathleen Sebelius is revising her proposed budget for the state’s 2010 fiscal year because of the federal stimulus legislation.

Sebelius told reporters Wednesday that she’ll present a revised budget to legislators by the end of the week. Fiscal 2010 begins July 1.

Legislative researchers project that if the state tries to carry forward with its current budget, it will end fiscal 2010 with a deficit of $654 million.

But that doesn’t take into account any of the $1.7 billion in federal funds the state expects to receive from the stimulus package.

The first installment of that package arrived Wednesday. It was nearly $72 million in additional health care dollars.


Godot 9 years, 3 months ago

This is the opposite of what Obama promised. He promised he would hold the states accountable for not wasting money - now this windfall is being used to fill the holes created by bad governance and to avoid making the cuts necessary for a stable future.

Budgets_Smudgets 9 years, 3 months ago

Although the law does not require it, the Governor should also convene the committee which estimates state Revenues.

State revenues have obviously gone south since this group last made its estimates in the fall which formed the foundation of the Governors original budget recommendations to the legislature.

These new estimates should provide the foundation for her "new" recommendations incorporating the new federal resources.

In this way, the "revenue drop shock" which will obviously now occur in April can be minimized or eliminated in this set of "second budget" recommendations to the legislature.

Budgets_Smudgets 9 years, 3 months ago

what does that comment even possibly mean beobachter?

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