Projected State Budget Deficit Grows

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Posted: 9:52 AM Nov 21, 2008 Projected State Budget Deficit Grows Governor Jim Doyle said a month ago that the deficit would grow to $3 billion by the end of the two-year budget period that starts next July. Last week, he raised it to $5 billion. And now he's raised it to $5.4 billion. Reporter: Associated Press

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MADISON, Wis. (AP) -- Up, up and away.

That's the way the projections for the state budget deficit keep going under the impact of national and global recessions.

Governor Jim Doyle said a month ago that the deficit would grow to $3 billion by the end of the two-year budget period that starts next July.

Last week, he raised it to $5 billion. And now he's raised it to $5.4 billion.

The governor says he'll try to save spending for education, but even school aids and the University of Wisconsin System will have to share in the budget-cutting to some extent.

He's calling for drastic cuts in almost every other area of state government spending.

The details will be coming in a couple months when he delivers his budget message to the Legislature.

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