Governor’s budget, no cuts but “discussion” of new revenue
Gov. Mike Dunleavy made virtually no cuts to existing state agency budgets in his spending plan released Dec. 15, and allowed increases for “formula” programs like school support and Medicaid. The governor also had to submit a balanced budget, so his plan includes $1.5 billion taken from the state’s Constitutional Budget Reserve to fund the proposal. This is a tacit acknowledgment of a $1.5 billion deficit for FY 2021, which begins next July 1. Since the CBR fund, which holds…