Douglas on forecast of short revenues: It’s not that dramatic

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Gov. Jim Douglas says Vermont’s revenues will be essentially flat next year, meaning some programs likely will have to be trimmed.

The governor’s comment yesterday came one day after two economic consultants told state officials that Vermont could be heading for a recession that will hurt revenues.

The fiscal year beginning July first is expected to see downturns in the state’s general, education and transportation funds.

Douglas delivers his annual budget address on Tuesday, and says he’ll be calling for cuts in some programs.

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