This is economy triage time.. but it can be done without amputations like this!!
Time to take a deep breath and look at the most reasonable and significant revenue options available now, and vote for them - 

Some cost-saving options mentioned below merit exploration and management/Legislative consideration - BUT SO DO REVENUES!!

Revenue additions don't have to made permanent- they can be written to be reviewed and sunsetted unless affirmatively renewed in 2-3 years. But revenues are needed NOW, at this drastic juncture.