Although specific quantities are hard to predict even one year out, and the uncertainties multiply as one looks further, it seems fair to say that the state cannot meet any …
According to most commentators, across the spectrum, the FY2009 budget is tighter than in most years.
Analysis of state spending trends by major category.
Taxes, fees, lottery profits and grants from the federal government comprise the bulk of the available revenue for budgeting.
The Governor’s budget honors the commitments made two years ago to continued growth in Chapter 70, including bringing all communities up to at least 17.5% of the foundation budget over a five year period, but it level funds additional assistance and it cuts lottery aid by 13.3%. The budget proposes to replace the 13.3% lottery aid cut with casino revenue.
In the annual budget of the Commonwealth, the legislature provides for the primary governmental activities of the Commonwealth, the legislative, executive and judiciary branches.