Monday, March 22, 2010

Janice Arnold-Jones; state budget already $60M in the red.

Rep Janice Arnold-Jones told attendees at her Saturday morning office hours, the budget passed during the just ended Special Session, is already in deficit; $60M over actual revenues; maybe as much as a $100M.

The budget that the Democrats pushed through, spent revenue that doesn't exist.

For example, it is based on unrealistic estimates of revenue from natural gas sales. It depends on natural gas selling at much higher prices than exist in reality.

Arnold-Jones said another Special Session is inevitable.
It is a matter of when, not if.

Sooner is better than later for the Democrats.

The Democrats are going to have to raise taxes even higher
in order to fund their bloated and inefficient bureaucracy, and
the longer the time between raising taxes and standing for
re-election, the more likely they are to survive.

Look for another Special Session, soon.

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