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June 20, 2008

Budget may be signed today

The governor said yesterday that he’s likely today to sign the 2009 budget, which has been approved by the House and the Senate.

The Senate voted yesterday to approve a $6.9 million budget for the 2009 fiscal year, which begins July 1. The House voted last night.

"I look forward to signing this budget plan into law as early as Friday,” Governor Carcieri said yesterday in a statement.

Some of the notable highlights of the approved budget:

- No increase in income, sales, capital gains or corporate taxes. Taxes on medical and dental premiums increased.

- Closes the estimated deficit of $422 million, mostly through spending cuts. Largest include $67 million in Medicaid spending; $90 million in cuts to state work force.

- $12.5 million cut in non-school aid. Slight increase for school aid.

Find out what other spending plans were approved and rejected in today's Journal.

Posted by Brandie Jefferson  at 8:42 AM | Permalink

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