
I’m So Confused
Ok, so…….where exactly are the cuts in this new budget?
I only asked because I am a little confused. If you read the LAO’s analysis in the voter pamphlet about the "budget solutions" that are leading to the need for the May election, it says that the budget solutions included (1) $15 billion in spending reductions; (2) $12.5 billion in tax increases; (3) $8 billion in federal funds; and (4) $5 billion in borrowing from the lottery. We also know that another $1 billion is coming from redirecting funds from health programs and the First Five program, all to solve an approximately $40 billion difference between the baseline spending (what the state wanted to spend) and projected revenue (what the state expected to collect in taxes).
Now, we know that tax increases, borrowing, redirecting money from other accounts and federal funds are all designed to avoid having to cut the base of any program. These are "revenue enhancements" specifically designed to avoid "deep and painful cuts in essential state services," like free health care and education to illegals and free abortions to teenagers, and six figure salaries… Read More