As we have previously
discussed both State and local governments continue to
assess the negative impact of reduced local revenues
associated with the current economic conditions. It is
expected that the State will be proposing new reductions in
the level of funding provided local governments in FY 2010
and possibly in the current fiscal year.
The Administrative and
Budget staffs have been meeting with all departments to
consider options to achieve program reductions. These
meetings are the first step in the preparation of the FY
2010 budget, however given the initial reports from the
Revenue Committee it is recommended that these program
reduction plans be implemented in the current fiscal year.
The staff will present the possible plans for the Board to
consider as a means of bringing expenditures in line with
reductions that are anticipated in FY 2009 and FY 2010
revenues. The Board will be asked to provide guidance to
staff in developing specific program reduction options.