Concerning the state budget, there is good news and there is bad news. The good news is the budget has been passed and a state government shutdown has been avoided. The bad news is that the budget doesn't meet everyone's expectations.
It lives within the revenue projections, and spending is not as high as many would wish. The new 2009-2011 budget does not raise general taxes, does not delay payments to schools, universities or local governments, and uses does not raid trust funds or other dedicated funds for operating purposes.
It is a lean yet responsible budget that funds public education with a statewide average increase of 1.1 percent the first year and a 0.3 percent the second year. This comes at a time when many other states are drastically cutting their education budgets.
I am pleased the budget increases education spending, all without spending the state's reserves below the $1 billion benchmark set by the governor. As a point of information, $1 billion in state reserves represents less than 30 days of regular state spending requirements. I agree with preserving a reasonable balance for the state so the economic conditions of our country do not totally deplete our ability to pay our obligations.
This budget has not made many people happy. In fact, it has disappointed a great number of citizens. The principle may apply in this instance that legislation that pleases almost no one is the best result. While this budget does not make many happy, it does accomplish much for the time in which we live. We all look forward to a time when more resources are available. For the time being, we must be content to live within our means - without a tax increase.
Good news and bad news. Life gives us both, and we need to make the best of each if we are to make progress. I think we will do the state's business and be successful with this budget.
Thank you for your patience and understanding.
More later,
Bill Friend |
