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Friday, November 21, 2008

Budget Season is Open

Governor John Lynch opened the budget season this afternoon with the first of four days of public hearings on agency budget requests.

The General Fund request for Fiscal Year 2010 is $1.95 billion, up from the adjusted FY09 total of $1.65 billion. This represents an increase of 17% in one year. The FY11 request of $2.07 billion would be a 25% increase over two years.

The request for all funds, including federal funds passed through state government, but over which the Legislature has no control, total $6.24 billion inFY10 (17% from FY09), and $6.46 billion in FY11 (22% increase).

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