It makes the revenues look bigger
Associated Press reporter Melinda Deslatte wrote an analysis of the revenues problems facing the proposed state budget for FY15 (starts July 1). See here.
The analysis doesn’t even touch on the revenue problems in the current year’s budget that ends on June 30. In addition to mid-year budget cuts already implemented, the current budget began hemorrhaging so bad that at 6:30 PM on Friday, Bobby Jindal issued a spending freeze on top of the existing hiring freeze.
Didn’t hear about the new freeze? That is no surprise. Other than a brief mention in Saturday’s The Advocate and a column by me in the Hammond Daily Star on Sunday there has be virtually nothing in the dailies around the state.
But I digress.
In the AP analysis, it is clear that the leges are in denial about their complicity in Jindal’s budgetary “house of cards” about to fall in on them.
The governor proposed the current year’s budget, but the leges knowingly and willingly voted for using one-time revenues to balance it, but worse, used revenues that were highly unlikely to even materialize.
Jindal will soon no longer be governor. It makes one wonder whether any of the incumbent leges plan to seek re-election. They will have limited budgetary options beginning in 2016 regardless of who is the governor.
Those options are: 1) Severely reduce services to the public or 2) increase taxes by a billion dollars or more or 3) a combination of both.
Yet, the leges still believe in Jindal’s snake oil that the economy will increase and there will be plenty money for them to spend in the future. In the best case scenario, the economy will not increase enough to stave off massive cuts and taxes.
When will the leges stop buying the snake oil and take responsibility for the mess that they have made?
“King of Subversive Bloggers” – James Gill