Gov. Chet Culver will outline his plan to cut an estimated $40 million from the state budget next week, after he and Lt. Gov. Patty Judge review proposals from various state agencies, according to the Associated Press.

“We’ll take some time to really look at the options we have on the table, and I’ll make some decisions as soon as possible,” Culver said.

State officials are expecting budget problems because tax revenues are slowing at a time when previous state commitments will require additional spending.

Last month Culver asked state departments to come up with ways Iowa can trim $30 to $40 million from its budget.