Gov. Edgar's warning of a potential $520 million revenueshortfall is a pre-Christmas shocker of ominous dimension.
It means that come January he and legislative leaders are goingto have to swing heavy axes at state spending for the last half offiscal 1992. It's not going to be pretty.
The need for drastic cuts in spending is constitutionallyimperative, while the likelihood of the cuts hurting needy segmentsof society is virtually inevitable.
That's because 92 percent of all general fund revenue is dividedamong education, public aid and health-human services, and only inthose areas is there enough money to make significant cuts.
The amount of the …
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