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Wednesday, September 17, 2008

Special Session on the Horizon

The next ten days will be fairly intense. As you are no doubt aware, the increase in state revenue is turning out to be less than we anticipated back in February.

Over the next week or so we're going to revise the forecast and scale back last year's budget increases to reflect the new reality. This is tentative, but we're probably looking at a Special Session next week.

Leadership teams from the House and Senate Majority held a press conference today to discuss what we need to do to maintain a balanced budget. You can listen in on Senate Radio.

Lyle Hillyard, Senate Chair of Exec Approps, will post more detail sometime tonight.

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