The new state budget went into effect on July 1st.
It was created with certain assumptions about the economy.
A record level of tax revenues has been brought in, in fact we would be running at a surplus for last year's budget, but.... the legislature passed a budget with higher than expected revenues, that have not come in.
So in some state budget expenditures, they are not cut, but just the rate of increase has been stalled, or promised money for projects that has already started isn't coming yet, and may not this year.
It's like buying a new car when you think you're getting a $10K raise and officially find out later you're only getting a $7,500 raise, spending the money before we have it.
It's hard to say what this means for the economy, because the private sector is growing overall.