Posted by Jon Fleischman at 12:00 am on Jan 10, 2008 Comments Off on Governor’s Proposed Budget, Continued
To add to Doug’s brief comment’s below, I would add a few
thoughts. First and foremost, we will have more comprehensive
coverage of the Governor’s Budget Proposal tomorrow, including an
exclusive column from the Governor’s DIrector of Finance, Mike
Genest (who has penned several columns for the FR). If you
are overanxious, and want more detail on the budget proposal right
now, the Governor’s office has set up a website on his budget
proposal, which you can go to here.
The very briefing 30,000 foot summary — in order to bring down
state spending, the Governor is proposing an across-the-board cut
of 10% from every state agency, department and program that is
financed via the state’s general fund (some large areas such as
transportation, get their funds from other sources). The
Governor’s idea is that it is better to "spread the pain" than it
is to cut too much from any one area.
While this strategy makes sense from a marketing point of view,
since it is rather easy to explain (I just did it in one
paragraph), it is a controversial approach because it… Read More