Wednesday, March 16, 2011

Will the Legislature adopt a balanced budget?

As lawmakers prepare for the consensus bad news awaiting at tomorrow's revenue forecast, a number of troubling potential budget gimmicks have begun to surface to "balance" the budget. First was the trial balloon of borrowing to help close the gap. Then the possibility of creating a 25th budget month to kick the bills due further down the road. Now comes the proposal of simply not balancing the budget. Under state law the Governor is required to PROPOSE a balanced budget. The Legislature is under no obligation to ADOPT a balanced budget . . . READ MORE


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