Carl's Capitol Comments: FY21 budget only 3% less than FY20; misconceptions addressed
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May 27, 2020
The House and Senate both approved by overwhelming majorities a state appropriations’ bill for Fiscal Year 2021 in early May that was reduced only 3% from FY20. This was after the Equalization Board estimated a $1.4 billion, or 17%, decrease in revenue over that which was certified in February.
The fact that we were able to get this budget done took great effort on the part of our legislative budget leaders. The governor did not agree with the budget and vetoed the appropriations’ bill and several of the other bills that contributed to the overall budget. The Legislature had no choice but to o...
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