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Furloughs May Not Save As Much As States Hope

posted Sep 11, 2009, 11:58 AM by Unknown user   [ updated Oct 5, 2009, 8:11 PM ]
….. economists have yet to determine just how effective furloughs are as a tool for state cost-saving. It is beginning to appear that a decline in spending, and therefore tax revenue, and the drop in efficiency associated with furloughs may offset their value. …  ... furloughs also cost the state money directly when agencies that generate revenue shut down, sometimes to the tune of hundreds of millions of dollars. LISTEN NOW