CHICAGO - Iowa Gov. Chet Culver this week will outline measures aimed at trimming $60 million in spending to help erase a roughly $100 million shortfall in the current $6.2 billion fiscal 2009 budget amid warnings that a deficit of up to $500 million looms for the fiscal 2010 budget.

The governor's action follows $40 million in savings the state can expect from spending cuts and by freezing hiring and state travel announced early last week. That came before the state's revenue estimating conference announced on Friday its latest revenue projections that showed a $100 million deficit.

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