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Tenn. state will have to lay off workers

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-07-08 11:21 AM
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Tenn. state will have to lay off workers
Edited on Thu Aug-07-08 11:22 AM by ensho
http://www.tennessean.com/apps/pbcs.dll/article?AID=/20080806/NEWS0201/808060445


State layoffs seem inevitable
Tennessee's buyout deadline ends 170 short of target


-snip-

As of the end of the day, the state had 2,130 applicants for buyouts, fewer than the 2,300 that the administration hoped would apply from among 12,000 state employees offered the packages. More were expected by mail, as applications postmarked by midnight were still eligible.

The buyout program was intended to save the state $64 million, which was one element of a wider $468 million in budget reductions due to slowing revenues.

The lackluster interest in the buyouts increased the likelihood that the state will lay off employees next year. The governor said Tuesday that one way or another, the state must reduce its payroll by $64 million.

-snip-

While Tennessee's budget woes are hardly unique — at least 29 states are experiencing budget shortfalls this year — the buyout plan was an unusual effort to deal with the state's unexpected budget gap.
-snip-
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worse and worse

sorry mods, I posted this in the wrong forum - I'll take 50 lashes
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