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Home > News > Deal could cost OCAST $4 million

May 16th, 2007

Deal could cost OCAST $4 million

Earlier Tuesday, Gov. Henry's spokesman, Paul Sund, responded to an inquiry about OCAST funding with an e-mail that said he was told the agency would receive "$2 million in additional operational funds."

That's what the governor proposed in his budget.

Losing $4 million from its budget would affect several programs funded by OCAST, Carolina said.

"It would take us effectively to $18.4 million, if they do it like it's written here," he said. "That means we would probably not fund nanotechnology and plant sciences. And we would have a question mark around seed capital because that was $5 million."


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