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Overview of the Governor’s FY 2013 Budget

The Governor’s proposed budget for FY 2013 reflects the stark reality that the state fiscal crisis is not over. Despite new revenue from higher income tax rates, as well as significant spending cuts over the past several years, there will be a cumulative General Funds (GF) deficit of $5 billion at the end of FY 2012. Some state agencies would get increased funding in FY 2103, while most others are slated for budget cuts of varying magnitude. Vital programs for children, families, and communities continue to be in jeopardy. This report puts the GF budget in broader context with analysis of spending trends since FY 2009 and policy changes and shifting resources within major agencies.

  Executive Summary |   Download Full Report (22 pages)

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