PROVIDENCE, R.I. (AP) — Rhode Island's state budget officer says the state is facing a budget deficit of $158 million beginning in July of next year.

The figure represents a gap between projected revenue and what it would cost to continue offering every service currently provided by the state.

WPRI-TV reports that whoever is serving as governor in January — either incumbent Democratic Gov. Gina Raimondo or one of her challengers — will have to deliver a budget plan within weeks of the swearing-in ceremony.

Raimondo has already directed state agencies to come up with ways to shrink their budgets by 5 percent in order to address the projected deficit.

It is possible the budgetary gap will grow or shrink in coming months.