Governor Chet Culver said Thursday he's "very confident" the state can balance its budget for Fiscal Year 2009 with no special session but warned that it's "very possible" he'll have to order an across-the-board cut in state government as early as next month for Fiscal Year 2010, which started July 1.
Culver said he'll likely ask the Revenue Estimating Conference to meet early - in August instead of September - so he can make any necessary cuts as early as possible.
"Based on what they tell us about the first quarter of fiscal year 2010, we will have nine months to react," Culver said. "It is very possible that I'll have to do additional cuts, and we're going to take that step as quickly as we know the facts."
When asked if an across-the-board cut was his preferred approach to a budget shortfall, Culver said: "I think that's fair to say. That is certainly a tool that we have. ... The more that we can do early in Fiscal Year 2010, the better. The less pain, if you will, that we'll have to implement in '11."