Significant Actions Taken To Address the Revenue Shortfall To Date

  • December 1, 2008 – Revenue Forecasting Committee lowers General Fund projections by $329,863,633;
  • January 9, 2009 – Governor submits Biennial Budget recommendations;
  • May 1, 2009 – Revenue Forecasting Committee lowers General Fund projections again by $439,863,052;
  • May 27-28, 2009 – Legislature enacts and Governor signs Biennial Budget;
  • October 15, 2009 - $200m in “targets” assigned to State agencies;
  • November 20, 2009 – Governor issues Curtailment Order for $63,144,713;
  • December 1, 2009 – Revenue Forecasting Committee lowers General Fund projections again by $383,706,466;
  • December 18, 2009 – Governor’s Supplemental Budget released.