Wednesday, August 22, 2007

Blowing a HUGE hole in the budget

Don't you wish you could do this?

It looks like we will be spending about $2 billion more in general fund dollars than revenue forecasts. That represents about a 20% increase on general fund spending. Oh, and by the way, YOU can use your charge card if you want to spend like that, the state can't. We have to balance the budget by October 1st. That leaves us only one real option: raise your taxes. Stay tuned for details as they develop.

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