Friday, September 19, 2014

Will voters support tax increases for government pay raises?

First the good news, state revenue is currently projected to grow by $2.75 billion (8.2%) over 2013-15 for use in the 2015-17 budget. The bad news according to the Office of Financial Management (OFM): "OFM projects revenue growth for 2015–17 will fall far short of what will be needed to maintain current services, cover mandatory increases and provide an additional $1 billion to $2 billion to meet the state’s constitutional basic education obligations" . . . READ MORE


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