Tag: deficit

Legislators order cut in structural deficit

Legislative leaders took a new approach to setting budget targets Tuesday, telling the governor and lawmakers that they wanted to see the persistent $2 billion structural deficit cut by a third next year, meaning a $670 million real reduction in general fund spending.

The Spending Affordability Committee, made up of 21 fiscal leaders in the General Assembly, abandoned setting a percentage target for budget growth as they had for the last 28 years — a target sometimes disregarded by governors.

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