Gov. Dave Freudenthal Wednesday said he planned to cut state agency budgets by 5% to 10%.

The announcement followed Friday’s release by the state’s Consensus Revenue Estimating Group of its most recent budget projections.

For fiscal 2010, which starts July 1, CREG now projects Wyoming’s general fund and budget reserve account will have $3.06 billion in revenue, down from its January estimate.

“While this combined $61.6 million decrease in general fund and budget reserve account revenues is significant, it is less than previously feared,” the CREG report said.

“I hope they’re right,” Freudenthal said a news conference Wednesday. “Obviously, I’m proceeding with these cuts because it’s a lot easier to end up with money that you haven’t spent and let people allocate it when the Legislature is in town than it is to wait halfway through the year and cut the budgets.”

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