Stimulus May Delay Cuts for State: ; Manchin's Forecast Estimates Budget Gaps to Top $370 Million by 2014

Summary

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West Virginia is again counting on federal stimulus dollars to avoid painful cuts to state spending, but the coming weeks will show whether those funds are only delaying the inevitable.

Gov. Joe Manchin will soon send the Legislature his latest five- year forecast of state government finances. The last one, issued in February, predicted that available revenues would increasingly fail to keep pace with projected growth in spending.

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Extract

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Stimulus May Delay Cuts for State: ; Manchin's Forecast Estimates Budget Gaps to Top $370 Million by 2014

It estimated budget gaps that would begin in 2011 at nearly $244 million and then widen to more than $370 million by 2014. But those were calculated before the full br...

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