Governor Sonny Perdue warns of more pain as the state flips the page into a new fiscal year today. The continued weak revenue stream forced constant cuts to the budget through fiscal 2009. Now for the new month, Perdue has already asked state agencies to voluntarily cut spending by another 3-percent.
Now into fiscal 2010, Perdue says moving forward the operative phrase is "right-sizing expenditures.":
Now into fiscal 2010, Perdue says moving forward the operative phrase is "right-sizing expenditures.":
"The budget act gives the Governor the right to withhold allotments to meet up with revenue expectations. I'm going to meet with Legislative leadership after the end of the year and determine if we want to take that route or if they would like to come back for a special session where we readjust the budget."Concerning the end of fiscal 2009, Perdue earlier had mentioned the possibility to perhaps tap the state's rainy day fund for up to $400 million to make ends meet.
