SALT LAKE CITY (AP) -- -
State lawmakers will need to cut another $320 million from the state budget.
Revenue estimates released Tuesday show that even after making about $400 million in cuts so far this year, state revenues will be $171 million less than originally projected for the current fiscal year and down $320 million for the fiscal year that begins July 1.
Gov. Jon Huntsman's proposed budget of $10.6 billion was already $900 million less than the one lawmakers approved around this time last year.
Since Huntsman released his budget in December, Utah's economy has continued to slide amid a nationwide housing crisis that's hit Utah's construction industry hard.
In anticipation of declining revenues, lawmakers have been planning to cut every state agency's budget by up to 15 percent.
Revenue estimates released Tuesday show that even after making about $400 million in cuts so far this year, state revenues will be $171 million less than originally projected for the current fiscal year and down $320 million for the fiscal year that begins July 1.
Gov. Jon Huntsman's proposed budget of $10.6 billion was already $900 million less than the one lawmakers approved around this time last year.
Since Huntsman released his budget in December, Utah's economy has continued to slide amid a nationwide housing crisis that's hit Utah's construction industry hard.
In anticipation of declining revenues, lawmakers have been planning to cut every state agency's budget by up to 15 percent.
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