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that the General Assembly has been replenishing the Rainy Day Fund for four years. He argued that taking money from the fund may be unnecessary and suggested adjusting the budget to reflect lower than expected revenue.
“Unlike the recession earlier this decade, where the state actually collected less revenue, the challenge today is to build a budget that assumes moderate revenue growth in the 2008-10 biennium,” he said.
Michael Cassidy, executive director of the thinktank group The Commonwealth Institute for Fiscal Analysis, expects future budgetary reckoning.
“The Governor’s latest
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