By PBN Staff
The governor’s proposed budget for fiscal 2013 proposes a cut in the state’s contribution to Slater at the same time the fund is looking to increase its annual investments and its return on that funding.
The cut follows a $9 million federal grant awarded to the fund that managers acknowledge will soften the blow and which they hope will move the fund toward self-sufficiency.
But they also want to maintain as much state funding as possible to help the fund to not only survive but also expand.
In 2010 the fund’s state budget was cut by one-third.
Is this the right time to make another cut?