Governor Patrick's administration is meeting Friday to review the reviews so far this fiscal year and to discuss possible mid-year budgets cuts, called 9C cuts, as the revenues are far short of projections. Judy Meredith over at Blue Mass Group has a post on the shortfalls here. She notes that the Governor may ask for authority to cut beyond the executive branch agencies.
In past recessions, state revenues have lagged the recovery ...
... and the deepest cuts were made after the recovery was well underway. This is due to the fact that tax receipts lag the upturn as filing and payments are not due to the following quarter or year. I am not sure that we have even seen the bottom of the recession yet, so we may be in for some very lean times.
Monday, October 5, 2009
Governor to reveiew revenues and look at mid year budget cuts.
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We need to review how much money the state has in renewable energy funds,the 1.7 Billion dollar renewable energy bond passed last year,the money in boutique bank accounts held by the Massachusetts Technology Colaborative .
In addition how the state has allowed 5 million worth of Vestas V 82 wind turbines sit in Texas since 2005 at $3000.00 a month .
We need to ask why no cut backs on these wind turbine projects yet police and fire departments ,our public safety are being put at risk?
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