State agencies were ordered to cut $111 million from their current-year budgets in response to a new revenue forecast from the nonpartisan Legislature Fiscal Bureau that shows a $650 million deficit in the fiscal 2008-2009 biennial budget.

“The revenue shortfalls announced by the Legislative Fiscal Bureau today show the significant impact of a slumping national economy on Wisconsin’s economy and state budget revenues,” Department of Administration Secretary Michael Morgan said in a statement. “In anticipation of lower revenue estimates, yesterday I took administrative actions directing state agencies to cut an additional $111 million from their budgets this fiscal year.”

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