Post by Logan on Apr 29, 2017 3:04:33 GMT -6
LITTLE ROCK — Gov. Asa Hutchinson said Friday he will cut $70 million from the state’s budget for the last two months of the current fiscal year, which ends June 30.
Hutchinson said during a news conference at the Capitol he is ordering the budget reduction because state revenues are lagging below projections.
Savings that have been generated through efficiency measures will allow the state to cut the budgets of certain agencies without affecting services or laying off employees, he said.
“We expect to be able to fully fund operations for the year,” he said.
Read more: www.swtimes.com/news/20170429/budget-cuts-coming-arkansas-governor-says
Hutchinson said during a news conference at the Capitol he is ordering the budget reduction because state revenues are lagging below projections.
Savings that have been generated through efficiency measures will allow the state to cut the budgets of certain agencies without affecting services or laying off employees, he said.
“We expect to be able to fully fund operations for the year,” he said.
Read more: www.swtimes.com/news/20170429/budget-cuts-coming-arkansas-governor-says