Saturday, February 13, 2010

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

Posted By 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

Subscribe to this thread:

Add a comment

Previously in the Range

More by Jim Nintzel

Today | Sat | Sun | Mon | Tue | Wed | Thu
DO(OM) Yoga

DO(OM) Yoga @ Floor Polish

Sundays, 8-9 p.m.

All of today's events | Staff Picks

Staff Pick

James G. Davis (1931-2016): Down at the Tower Bar, A Retrospective

Celebrating the career of Tucson artist James G. Davis with a selection of paintings and prints made… More

@ Etherton Gallery Sat., Sept. 9, 7-10 p.m. and Tuesdays-Saturdays, 11 a.m.-5 p.m. Continues through Nov. 11 135 S. Sixth Ave.

» More Picks

Submit an Event Listing

Popular Content

  1. New TV Ad Asks McCain To Stop Latest GOP Healthcare Disaster (The Range: The Tucson Weekly's Daily Dispatch)
  2. New TSO Director Kicks Off A New Season (The Range: The Tucson Weekly's Daily Dispatch)
  3. Laughing Stock: Set Unlisted is Free 2 for 1 Standup and Improv (The Range: The Tucson Weekly's Daily Dispatch)
  4. HOCO Fest Countdown—The, Um, Effervescent Lana Del Rabies Picks the Five Albums That Changed Her Life! (The Range: The Tucson Weekly's Daily Dispatch)
  5. The Weekly List: 21 Things To Do In Tucson In The Next 10 Days (The Range: The Tucson Weekly's Daily Dispatch)

© 2017 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation