Originally posted in LVRJ Forum
Patrick R. Gibbons is a Conservative Socialist, but at least he understands the state budget. The so-called "shortfall" was caused by the '09 session's spending increase for FY10.
At the beginning of '09, annual revenues were ~$3B. FY09 spending was set at ~$3.2B. Budget shortfall ~$200M. Conservative Fibbons' FY10 plan was to keep spending ~at '09 levels. He proposed to raise the "extra" $200M through a new room tax and hiking the sales tax. BIG government balanced budget.
The Republicrats wanted even BIGGER government. They first gleefully passed Fibbons' room tax and then overrode his veto to boost spending to ~$3.4B/yr -- raising business taxes to pay for it.
Six months have passed. Revenues are now running at ~$2.4B/yr. THERE'S YOUR $1B "SHORTFALL".
If the Republicrats had listened to Fibbons' our "shortfall" would now be "only" $800M. We have one-party rule in this state. The COLOSSAL government liberals and the VERY BIG government conservatives.
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