Budget Shortfall To Reach $500 Million?

State officials could face a fiscal year 2010 budget shortfall that is $200 million more than earlier estimated.

Numbers-crunchers at the state say the budget shortfall, previously estimated at $300 million, may reach $500 million.

The size of the shortfall will play a major role this session as legislators cope with ways to deal with it. Talk of tax decreases likely will diminish and state agencies asking for more money are likely to be told to cut expenses.

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