Overview of the Governor’s Proposed FY 2010 Amended Budget and the FY 2011 Budget

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Due to the “Great Recession,” state revenues have continued to decline through the first six months of the current fiscal year (FY 2010). This decline is resulting in a FY 2010 budget shortfall of an additional $1.4 billion, for a total FY 2010 budget shortfall of $4.6 billion.

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