During a Monday press conference, Governor Sanford released the Fiscal Year 2008-09 Executive Budget and submitted it to members of the General Assembly. The Governor's budget is focused on education, economic growth, healthcare, natural resources, public safety and government efficiency and mirrors his legislative agenda for 2008. Highlights include an overall reduction in state spending of 4.6% from last fiscal year, income tax relief funded through a 30-cents per pack cigarette tax increase, and an additional $50 million for the Conservation Bank. Legislators will now review the Governor's recommendations and begin the process of writing the state budget.
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