Dec 14 2012
Roughly speaking, Widmer said, the state budget has been under pressure through three years associated with the recent recession and the last two years which have featured modest economic growth, with rainy day fund and federal stimulus law funds driven into the budget and coupled with major spending cuts. "It is the longest period of fiscal pressures of this magnitude," Widmer said. "The economic recovery has been so weak both nationally and here that we haven’t had much in the way of revenues. That’s the sad reality. This is now the fifth year."