I wonder what trust funds they will raid this year.
Sen. J.D. Alexander just opened the Senate Ways and Means Committee and announced that the state shortfall is likely to be in the $5 to $6 billion range next year, including $1.9 billion in recurring revenue. “No single solution will solve that,” he said. “There is little doubt that further budget reductions will be necessary.”
Alexander told the Herald/Times that the initial analysis and discussion with Washington is that the stimulus package “would not allow us to use it for the core missions of the state. I don’t know that we’ll be able to fill the holes with the stimulus money even if you ignore the one-time nonrecurring holes.”