At two o’clock Thursday afternoon Governor Chet Culver will announce which option he’s chosen to balance the state budget. A panel of state financial experts significantly reduced their projection of state tax collections this afternoon. Culver says he could order an across-the-board cut in state spending or call lawmakers back to Des Moines for a special legislative session.
“I think all Iowans understand that we’ve got to tighten our belt, just like most Iowa families right now. We’ve got to live within our means. We’ve got to make some tough cuts,” Culver says. “I’ve done it before and I’ll do it again.”
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