Gov. Sonny Perdue on Thursday said state revenues for the almost-ended fiscal year have continued to decline and that state agencies will lose a quarter of their June funding.
Perdue, in a letter to top state lawmakers, said he is being forced to lower the state revenue estimate by more than $274 million for the 2009 fiscal year that ends June 30.
Education funding won’t be impacted by the cuts, Perdue spokesman Bert Brantley said. Perdue plans to use federal stimulus money to replace cuts in state funding for K-12.
This cut comes on top of more than $2 billion in spending reductions for fiscal 2009. Perdue needed to make the move to avoid having to further empty already depleted state reserves at the end of the fiscal year to pay bills.