Legislators approved a third budget extension today as the House and Senate leadership continue efforts to iron out a final budget deal. The existing temporary budget, known officially as a Continuing Resolution, is set to expire on Monday. If signed by the Governor, the newest extension will keep public programs and services operating through September 18th, which is 79 days after the original budget deadline of July 1st.
The third budget extension will keep state government operating exactly as the second stop-gap measure approved earlier this month. I outlined those details in a previous blog post.
Leadership in the House and Senate chambers already agreed to a topline spending target of $21.735 billion for the 2016 fiscal year that runs through June 30, 2016. That means state investments as a part of the economy would remain below the 45—year average, impeding the ability to restore previous cuts and make progress in a significant way. Read More