(AP) - The long recession is cutting more money from state revenues and expected to force spending cuts of nearly $120 million from South Carolina schools, colleges and prisons. The Board of Economic Advisors reduced its revenue estimate Tuesday as its members worried about nearly a half million people being out of work and delaying the recovery from a recession that's the worst since the Great Depression.
Even before Tuesday's meeting, the board had slashed more than $328 million from its estimates.
It's another round of bad news for state agencies, workers and citizens that may see programs cut and layoffs despite federal cash used to blunt the nation's economic meltdown.
South Carolina is far from alone. Every Southern state's revenue is short of estimates.
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