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July 13, 2009

New Budget Deficit Estimate

Gov. Linda Lingle's administration now estimates the state's deficit through the next two years totals as little as $744 million, far less than the $900 million gap she warned the state could face Wednesday.
--Honolulu Star Bulletin

The Governor released today the new budget deficit estimate, $744 million, which was far less than the previous $900 million. The Governor released this information shortly after talks with the labor unions ended. I, like the Governor, oppose layoffs and prefer furloughs, however Lingle has began to compose a list of public workers that would be laid-off if her furlough plan is not implemented.

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