The 4Cs Finance Committee presented three preliminary budget alternatives for the Delegate Assembly and our members to consider. The preliminary budgets represent income reductions of 5%, 7%, and 10%.
The budget is presented in a format with three alternatives because the State Budget is unsettled. The Governor’s budget assumes savings in healthcare and pension benefits and threatens layoffs if these savings are not realized. The dues income reductions are estimates based on reductions in our membership due to unusually large retirements and or layoffs and the drop in membership dues that would result. It is also important to note that there are reserves that will cover the shortfall for any adopted budget.