October 24, 2014
The increase of $528 million represents only a 1.5% increase in spending. However, the State’s General Funds revenues are projected to decline by $1.7 billion, or 4.6%, to $35.1 billion from $36.8 billion. The enacted FY2015 budget additionally includes borrowing $650 million from other State funds to make up for some of the lost revenue.
Comment: Surely this isn't true because our governor has been saying he cut spending, right?