Friday, 21 December 2007
Budget FUD
Beshear and Co are already spreading fear, uncertainty and doubt over the current budget shortfall.
Of course I don't understand why the shortfall is a problem. Beshear told us during the election that he was going to have an efficiency study done and it was going to save us hundreds of millions of dollars. That should more than pay for any shortfalls in the budget next year.
At a news conference and in a statement released afterward, Beshear used terms like "dire" and "beyond serious" to describe the condition of state finances when he took office on Dec. 11. He said he will announce "in very early January" how he plans to deal with funding problems that he said he will outline next week. But he implied that he might reverse more of the funding decisions Fletcher's administration made in its final days.Of course the whole thing is just a ploy. In this case the ruse serves three purposes. First it allows him to demonize the evil Republicans. Secondly it lowers expectations. Thirdly it provides a platform to begin pushing for alternative revenue streams (ie Casinos)
"This is becoming increasingly not a pretty picture," Beshear told reporters.
"While I didn't create the situation I'm walking into, it's my job to do something about it."
The governor cited this week's forecast of a $121 million revenue shortfall this year and requests by state agencies last month for $166 million in additional funding to maintain services. He said he continues to learn of specific money problems within state agencies.
Of course I don't understand why the shortfall is a problem. Beshear told us during the election that he was going to have an efficiency study done and it was going to save us hundreds of millions of dollars. That should more than pay for any shortfalls in the budget next year.
Posted by at 6:33 PM in Kentucky Politics
