Mark Binker at the News & Record says the House will not get down to details on the budget until after Memorial Day, with the blind passage occurring the week of June 8.

In other budget news, the state’s weak and weakening cash position has meant even less investment revenue, Lee Weisbecker reported in the Triangle Business Journal (not online). Short-term paper and money market funds generated $189 million in the first nine months of fiscal 2008, but returns for the current fiscal year are down 45 percent, to just $104 million.