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Senate leaders outline $400 million in reductions as budget talks enter final stretch
Summary
Senate Appropriations leadership told colleagues they are nearing agreement with the governor’s office but expect roughly $400 million in ongoing reductions offset by about $200 million in one-time funds and warned revenue updates could force a special session.
Senate leadership told members Wednesday they are close to resolving the fiscal 2009 budget but expect major cuts and possible follow-up action if state revenue estimates change. Senator Hilliard, addressing the chamber, said leaders plan to meet with the governor’s staff and present a proposed agreement to caucus the following day.
Hilliard said the negotiators were “basically looking at $400,000,000 in reductions” and that the plan includes replacing ongoing spending with “one-time $200,000,000,” a shift…
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