
Governor’s Proposed Budget, Continued
To add to Doug’s brief comment’s below, I would add a few thoughts. First and foremost, we will have more comprehensive coverage of the Governor’s Budget Proposal tomorrow, including an exclusive column from the Governor’s DIrector of Finance, Mike Genest (who has penned several columns for the FR). If you are overanxious, and want more detail on the budget proposal right now, the Governor’s office has set up a website on his budget proposal, which you can go to here.
The very briefing 30,000 foot summary — in order to bring down state spending, the Governor is proposing an across-the-board cut of 10% from every state agency, department and program that is financed via the state’s general fund (some large areas such as transportation, get their funds from other sources). The Governor’s idea is that it is better to "spread the pain" than it is to cut too much from any one area.
While this strategy makes sense from a marketing point of view, since it is rather easy to explain (I just did it in one paragraph), it is a controversial approach because it… Read More