Today the Governor announced some cost savings measures that include an immediate hiring freeze for state government. Estimated savings, according to the Governor, could reach $100 million. Good for the Governor — every little bit helps.
That having been said, to put the magnitute of our $15 billion (and growing) shortfall into perspective, we’d have to have this hiring freeze in place until 2158 to deal with the shortfall, not factoring in inflation, which would add decades onto that year.
The Governor has called on the legislature to make more cuts. The billion in cuts earlier in the week were a good start, but it’s only the tip of the iceberg…