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Bredesen to hold budget hearings

Bredesen to hold budget hearings

Posted: Monday, November 17, 2008 9:02 pm
By: AP

  

NASHVILLE (AP) — With the state facing a revenue shortfall of potentially $800 million this year, Gov. Phil Bredesen will begin hearing from his Cabinet about budget needs for the next year.

K-12 education is the first department to speak on Monday and the one Bredesen has as his top priority. The cuts are likely to be lightest in education, making it a bellwether for what other departments can expect.

Bredesen had previously projected the shortfall at between $300 million and $600 million. But that was before the most recent revenue numbers for September came in at about $80 million lower than expected.

Lawmakers had already made almost half a billion dollars worth of cuts out of the current year’s spending plan in May in anticipation of worsening economic conditions. Those cuts included reductions in higher education funding and buyouts for more than 1,500 state employees.
Published in The Messenger 11.17.08

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