Tuesday, June 21, 2005

Temptations in Increasing Revenue

Apparently, the State of Missouri's revenue has increased with the rebounding economy:
n Missouri, the increase was about as dramatic. Heading into the fiscal year, forecasters expected tax growth of 3.8 percent. Now, that growth is expected to top out in June at 5.6 percent, which translates to about $102 million.

"These are good numbers we've seen lately," said Michael Keathley, the Missouri administration commissioner.
Although we cannot credit Matt Blunt entirely with the economic rebound, we do appreciate that he's laying the groundwork for continued growth and lower spending, which will allow bumps like this to cover existing outlays and debt as well as make the state independent of continued vigorous revenue growth to fund its basic needs.

Ergo, we call upon the legislature to not spend the additional money and on Matt Blunt to veto anything the legislature does to soften its image by spending taxpayer money.

1 Comments:

Blogger St Wendeler said...

Actually, the state budgets which everyone was complaining about in 2004 are looking to be flush with cash in 2005. Looks like all that talk about a federal bailout of state budgets and the states having to raise taxes to make up for Bush's stubborn reliance on the tax cuts won't ever happen...

Fortunately, many tax-rebate plans like Hancock II here in Missouri (which I ABSOLUTELY LOVE) are being put on referendums in states across the country.

And yes, now is not the time for Blunt to go "all Deanie" and set up the state for fiscal troubles in the future. (Many libs laughably point to Dean's budget surpluses as a sign that he was a conservative. What they fail to point out is that Dean's spending dramatically increased but his government had plenty of revenues due to the high economic growth of the 90s... once that went away, VT was deep in red ink.)

Regards,
St Wendeler
Another Rovian Conspiracy

8:28 PM  

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