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The State Budget Outlook

The State Budget Outlook. Elizabeth McNichol Senior Fellow, State Fiscal Policy mcnichol@cbpp.org June 5, 2012. The big question If the recession caused a loss of funding for services, will recovery cause a restoration ?. Looking Ahead. Restoration or Retrenchment ?.

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The State Budget Outlook

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  1. The State Budget Outlook Elizabeth McNichol Senior Fellow, State Fiscal Policy mcnichol@cbpp.org June 5, 2012

  2. The big questionIf the recession caused a loss of funding for services,will recovery cause a restoration?

  3. Looking Ahead

  4. Restoration or Retrenchment?

  5. Florida Governor Rick Scott2012 State of the State Address Rhetoric and Reality“Floridians truly believe that support for education is the most significant thing we can do to ensure both short-term job growth and long-term economic prosperity for our state.”

  6. Federal Budget Cuts On The Horizon (in 2013)

  7. Timing Is Everything • October: new fiscal year begins; short extension likely • Late 2012: need to raise debt limit • December 2012: tax cuts expire • January 2013: sequestration hits cbpp.org

  8. The State Budget Outlook Elizabeth McNichol Senior Fellow, State Fiscal Policy mcnichol@cbpp.org June 5, 2012

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