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Spending has been cut to the bone, so we have to raise taxes
June 18, 2009
Unrelated related news:
Fiscal agency foresees budget gap, lower 2010 revenuesIt appears likely all the money in the state of Iowa’s wallet and all of its “overdraft protection” may not be enough to cover the bills coming due at the end of the fiscal year.
Based on current numbers, a Legislative Services Agency fiscal analyst predicted Tuesday the state will spend all of the $45 million ending balance legislators anticipated when they adjourned in April. Gov. Chet Culver has the authority to transfer $50 million from reserve accounts, but that may not cover the bills, the LSA’s Jeff Robinson said.
And:
Despite strained budget, state agency plans $25,000 event at golf tourney
But it's for "economic development," so it's not real money!
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Comments
Phew! It must be pretty stressful to spend so much of other people's money! I'm glad they're taking a chance to unwind.
Posted by: TaxRascal | June 18, 2009 11:02 AM