1/24: Budget cuts may result in layoffs at Ohio

Faced with a potential budget deficit of nearly $1.9 billion, Gov. Ted Strickland on Wednesday said he asked agency directors to “find ways to save money” and wouldn’t rule out layoffs or closing state institutions.

No single economic indicator was blamed for the projected slow growth. The same reasons behind the national slowdown — a declining housing market, higher unemployment, higher energy prices, the slide in the stock market — are in play here, but states like Ohio and Michigan get rocked further because of a recession in the auto industry.

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