The Governor’s proposal for closing the gap consists of the following items — roughly speaking 1/3 savings, 1/3 new revenues and 1/3 use of reserves.
Will Brownsberger — State Senator, Democrat, 2d Suffolk and Middlesex District |
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The Governor’s proposal for closing the gap consists of the following items — roughly speaking 1/3 savings, 1/3 new revenues and 1/3 use of reserves. The answer appears to be Yes in the sense that we face needs that considerably exceed revenue as we prepare the 2009 budget and look out over the next few years. What is state’s longer term fiscal outlook? *1 commentAlthough specific quantities are hard to predict even one year out, and the uncertainties multiply as one looks further, it seems fair to say that the state cannot meet any of its presently well-identified major unmet needs without making big changes — either in spending priorities or in broad-based tax revenues. Taxes, fees, lottery profits and grants from the federal government comprise the bulk of the available revenue for budgeting. |