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But with officials projecting budget shortfalls this year, more cuts are likely.
House Republicans have calculated the fund's annual cost, $2.5 billion, and multiplied by 10 years, which is the common period for projecting budget costs and savings.
Nationwide, the states are projecting budget deficits of $60 billion to $80 billion over the next two years, with California's shortfall alone making up half of that.
The Metropolitan Transportation Authority is projecting budget deficits of more than a billion dollars in the coming years, and another round of fare increases and service cuts appears imminent.
Arizona and Florida are operating under or projecting budget deficits, stemming in part from weak housing markets, said Arturo Perez, a fiscal analyst with the National Conference of State Legislatures.
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But of course projecting budgets five years from now is pure guesswork.
Meanwhile the projected budget deficit has jumped.
now projects budget deficits through 1988.
One is their projected budget shortfalls.
I even wound up chronicling my projected budget.
The projected budget came in at just under $4 million.
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