Originally posted in a LVRJ Forum
In 2011 the governor and Legislature are projected to face a budget scenario in which expected revenue is as much as $3 billion less than projected spending.
How much government are the Republicrats planning to shove down our throats in the next biennium?
Current tax revenues are running ~$2.5B/yr, with ~$150M of that set to expire in FY '12. That means if the economy stablizes, in the next biennium old taxes (which "No new taxes!" Fibbons adores) will generate ~$4.7B. A $3B "gap" indicates that Horsefurd, Raggio and the gang are looking to spend ~$7.7B! Up from $6.9B in the current biennium. ~11% more.
Are they serious? Where is all this money going to come from? The crooked politicians are not going to find it in the Dairy Commission or the Taxicab Authority. What do the scheming politicians have up their sleeves?
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