Foley continued, “If Mr. Barnes was “taken off guard” by the massive drop in revenues, he was one of the few people in the state who was. I pointed out on January 22nd that the Governor’s so-called surplus was phony because it included unsustainable revenues of $200 million borrowed from last year’s budget, an increase of $300 million in capital gains revenue which, if it had turned up, would have been a one-time shot from a strong stock market, $110 million stolen from the transportation fund, and $625 million borrowed for operating expenses from new bonding or delayed repayments of bonds issued in previous years.” courantblogs/capitol-watch/foley-calls-on-ben-barnes-to-step-down-as-malloys-budget-chief/
Posted on: Sat, 03 May 2014 11:03:56 +0000
Recently Viewed Topics
© 2015