Steps to Balancing the Budget (2009-10)

The June revenue forecast from Leg Council showed that we would have to cut more spending to balance the FY2009-10 budget. In response, Governor Ritter started the process of reducing spending. Here are the general steps:

• June 22 - direct agencies to cut travel and some operational expenses
• June 25 - direct state agencies to develop plans to cut 10% from their budgets (due to OSPB by Julu 20)
  
• July 7 - OSPB sent specific cost reduction goals to agencies
• July 20 - OSPB reviews agency cost cutting plans
• Aug 18 - present cuts to JBC
• Aug 24 - deliver actual supplementals and other information to JBC
• Sept 1 - most cuts take effect