24-04-2020 20:02 via ocregister.com

State budget sinking and big cuts coming

The news from last week’s budget hearing was highly expected, but grim nonetheless. “It’s very likely that the state has gone from an anticipated surplus and is now likely facing a budget problem and potentially a significant one,” said Legislative Analyst Gabe Petek.
He said it would take months simply to “get a clear idea of the budget situation.” It could take years before the state emerges from the downturn, caused by the ongoing economic shutdown and expl
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