On Friday, the governor signed a bill that will add $20 million from the General Fund to the LIHEAP energy assistance program. The money will supplement federal funding that is set run out in early March. If all of the $20 million is not used by June 30, 2014, the remaining funds will go back into the General Fund.
The latest numbers are a $517 million swing from the November forecast
The state’s latest economic forecast projects a budget deficit of $188 million for the current two-year biennium, and a $586 million deficit for the 2020-21 biennium
The budget process explained — and why it matters