They announced Thursday that they're new deficit-reduction target is $300 million. The number puts education funding in their sights.
Legislative researchers are projecting a deficit of $186 million and that gap must be closed by June 30. That figure is based on revenue collections through December.
But Senate GOP leaders expect revenues to continue to fall short of expectations, meaning the projected deficit would grow.
Senate Majority Leader Derek Schmidt said there's not yet a consensus on how to eliminate the deficit. The Senate Ways and Means Committee is working on a bill.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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