The Governor has signed the state budget. You can read it all here. The “trigger cuts” which would have steeply reduced Imagine’s revenues weren’t approved by the legislature. Imagine remains in a cautious posture, however, because the state budget replies on pleasant surprises and depleting the state’s cash reserves. There is a risk that bad news can cause a budget crisis. There is also a risk that without bad news, the state may remain in fiscal stress.
We have delayed some raises the board had previously approved as well as a floating holiday we intended to offer full-time employees beginning July 1. We are really eager to increase employee compensation and will be glad when we confidently, sustainably can. In the meanwhile, we will be preparing to survive bad news, together.
-Submitted by Doug