Even though word leaked out last week that the state’s longest budget impasse in history was drawing to a close, we still have no budget agreement. Lack of a budget has a significant impact on the commercial real estate industry. Many building owners that lease to state entities have not been paid for two or three months; and many contractors that service the buildings are expected to continue to work, even though invoices are not being attended to. We call for the Governor and Legislature to adopt a budget that honestly accounts for income and spending.
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