Budget Agreement Affirms Deep Cuts, Higher Pension ContributionsBudget Agreement • April 19th, 2016
Contract Type FiledApril 19th, 2016The budget passed by the General Assembly maintains the governor’s proposed cuts of 9 percent to many parts of government over the biennium and contains a 4.5 percent cut to higher education and flat- funding for K-12 schools. It uses savings from these cuts along with one-time monies to contribute $1.16 billion above base funding over the two years directly to the state’s underfunded pension systems and put