|  

Saturday, February 13, 2010

Politics / Blogislature What's Another Billion-Dollar Hole In The Budget?

Posted by Jim Nintzel on Sat, Feb 13, 2010 at 12:41 PM

Paul Davenport of the AP brings us the news that the Joint Legislative Budget Committee staff has finally analyzed the impact of the Adams' tax-cut package that passed the House: It adds nearly a billion dollars to the state's structural deficit:


A new report says a legislative proposal for phased-in general tax cuts and business tax breaks for creating jobs would cost the state $942 million in lost revenue once fully implemented seven years from now.

That amount is about 11 percent of the current state budget.

UPDATE: Read the fiscal note yourself. It's little wonder that Republicans in the House wanted to get this passed before anyone actually analyzed it. The cost is absurd, especially when the structural deficit is more than $3 billion next year.

But Republicans in the Arizona Legislature aren't real fiscal conservatives; they just worship at the Church of Tax Cuts.

Tags: ,

Comments (0)

Subscribe to this thread:
By Email
With RSS

Add a comment

Previously in the Range

More by Author

Popular Content

Most Read Most Discussed
  1. Federal Judge to Tombstone: No H20 for You! (The Range: The Tucson Weekly's Daily Dispatch)
  2. Mega Food-Truck Action Tonight and Friday (The Range: The Tucson Weekly's Daily Dispatch)
  3. Running Against Grijalva? No Voter Database for You! (The Range: The Tucson Weekly's Daily Dispatch)
  4. You'll Enjoy This Justin Bieber Article More Than You'd Think (The Range: The Tucson Weekly's Daily Dispatch)
  5. Talking Comics: Supercrooks Edition (The Range: The Tucson Weekly's Daily Dispatch)

© 2012 Tucson Weekly | 3280 E. Hemisphere Loop, Suite 180, Tucson AZ 85706 | P.O. Box 27087, Tucson AZ 85726-7087 | (520) 294-1200 | Powered by Foundation