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Page 4 · column 7 of 9 · from the scan, no model involved
He also has ordered a phased-in reduction of 1,500 state employees over the next two years.
But now it appears these steps will be only the beginning of what ultimately will be required.
The numbers for the first four months of the fiscal year, which began July 1, sent tremors through the administration.
In order for the state to meet its 1982-83 general fund budget estimate of $3.1 billion, a revenue increase of 10.9 percent over the previous year would be necessary.
But from July through October that increase languished at a frightening 5.9 percent. General fund money comes from sales and income taxes, and the recession is keeping sales low and unemployment high, thus restricting both revenue sources.
88.4%