Charlie Murphy Releases FY 10 State Budget

While many of us were out teabagging taxes into oblivion the House Ways & Means Committee released their proposed budget for FY 2010.

“The budget that the House presented today is a sober reflection of our state’s financial health,” said Rep. Charlie Murphy, chairman of the House Ways & Means Committee, in an afternoon press conference.

The budget closes a $3.6 billion budget gap by including  $1.8 billion in cuts and relying on $1.5 billion in federal stimulus money.

The budget does not relying on any rainy day funds. Murphy said that the rainy day funds must be preserved because of the potential for a slow economic recovery.

The proposed operating budget is $27.44 billion.  

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