10.15.08 - Fiscal Action Plan Implemented
On Wednesday, October 15, 2008, faced with an estimated budget deficit of $1.4 billion, Governor Deval Patrick started implementing a fiscal action plan to close the gap that includes more than $1 billion in immediate cuts and spending controls across state government, identifying additional revenues and a responsible draw on reserves. The announcement comes as the Administration has revised the state's revenue estimate, on which the budget is built, by approximately $1.1 billion.
Read the transcript (opens in a new window) Read the press release
To view the Governor's YouTube channel click here.
Part 2
Learn more about the 9C Process:
Read the Governor's 9C legislation, including a comprehensive list of reductions Access an interactive budget tool
View the full 9C reduction list
or
Watch Governor Patrick's initial October 2 announcement of the Fiscal Action Plan development
On Thursday, October 2, 2008, Governor Deval Patrick announced he will be developing a five-point Fiscal Action Plan to address fiscal challenges confronting the Commonwealth.
Read the transcript of the speech (opens in a new window) Read the press release
Please Note: The video above is a high quality version and may take longer to load. If you are having trouble loading the video, you can watch a lower quality version here.