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Legislators cut about $700 million from state budget

Actions taken by the state legislature, meeting Saturday,  are expected to trim about $700 million from the state budget deficit for the current fiscal year ending in June 2011. The cuts include $51 million from higher education, including $11.4 million from the UW. The UW cut formalizes action taken by Gov. Gregoire in September when she announced across-the-board reductions and is not a new budget reduction.

The UW’s Office of Planning & Budgeting has prepared this summary.

Gov. Gregoire is expected this week to announce her proposals for cutting at least $4.6 billion from the next two-year budget, which runs through 2013.

Local coverage: Seattle Times.