Monday, February 28, 2005

Out of Duct Tape

State forecasts will be released today, without any real surprises. Last November, projected deficits were at $700 Million even though a bump in the economy showed Tax revenues trending upwards. But here is where this article states it quite clearly:
the state has been hobbled by earlier budget fixes that can't be repeated and make it difficult for it to climb out of its fiscal hole.
You can't keep shifting line items around without paying the piper. The no new tax pledge could cost the Governor more then his re-election if he maintains his stubbornness on the issue. Of course, he has his own ideas how to raise revenues. But of course, they are user fees, not taxes.

"Hey, Tim! Look up taxes in the dictionary!"


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