DALLAS — Arkansas Gov. Mike Beebe ordered a $100 million reduction in state agency spending on Tuesday to balance the state’s fiscal 2010 budget due to steady and unexpected drops in revenue collections.

Beebe took the action after the Department of Finance and Administration lowered the expected revenues for fiscal 2010 from $4.5 billion to $4.4 billion, a drop of $99.97 million, or 2.2%. 

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