Senate Appropriations Chairman Jack Hill, R-Reidsville, warned Monday that the state’s budget hole for next fiscal year is closer to $2 billion than to the $1 billion that’s been discussed.
Hill was in Athens with other lawmakers for a pre-legislative session conference and spoke to WABE’s Denis O’Hayer, the local host of “All Things Considered.” You can hear the entire interview on WABE’s website.
In the the interview, Hill acknowledged that the state’s budget hole for fiscal 2012, which begins July 1, is at about $2 billion and drops to $1.3 billion once you consider the loss of one-time funding or federal cash as well an expected round of cuts to state agencies.
Despite the positive news that state revenues are growing, Hill said it’s not enough.
“The growth rate that the economists tell us we can expect is not high enough to make up for the tremendous hole we have,” Hill told O’Hayer.
O’Hayer asked the next logical question: Where does the money come from? Could it be