Budget Savings in Special Session Overestimated

Today the Governor’s Office revised the estimated savings expected from actions taken during the special session.

The latest estimates project a reduction in the current fiscal year shortfall of approximately $700 million, instead of the $790 million reported earlier this week.

In addition, it is estimated that the across-the-board cuts enacted by the Governor as part of the deal will generate approximately $110 million in savings, instead of the $200 million previously reported.