JFC cuts overall spending
The numbers are preliminary, but LFB director Bob Lang estimated that in the end the JFC-approved budget is about $1.5 billion less in all funds compared to the budget received from Gov. Doyle, and is about $870 million in all funds lower than the current two-year budget.
Doyle and legislative Democrats forged a budget cutting plan to pare back his budget after learning earlier this month that the $5 billion budget deficit had ballooned due to sagging tax revenues. Their plan included deeper cuts to state agencies, pay cuts and furloughs for state employees, and cuts in state shared revenues to local communities and state aid to school districts.
In addition, Lang estimated that the JFC budget spends about $500 million less GPR than Doyle's original budget plan. But more detailed numbers will be coming soon as the LFB digs deeper into the JFC actions as it puts together the bill that will head to the Legislature.
-- By Greg Bump
1 Comments:
The budget can't be $1.5 billion less than Doyle's and $870 million less than the current budget. If it's $1.5 billion less than Doyle's, that puts it at about $61.6 billion. The current two year budget is about $56.6 billion, and base-year doubled is about $58.6 billion. That would put the JFC budget $3 billion to $5 billion higher than the current budget. Am I missing something here?
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