Sen. Joe Zarelli has released a new budget advisory. It's timely, as the public hearing on the Senate budget is being held now. Similar parade of characters and characterizations. It is hard to believe spending is going up as much as it is with so few satisfied folks.
The senator makes some good points. You'll want to go to the piece to see the charts.
While a constitutional rainy day fund is a step in the right direction to getting the state off the boom-bust budget roller coaster, that alone is not sufficient. What is needed is discipline, restraint and a commitment to budget within forecasted revenues, both in the short and long term. Each of the budgets presented fail woefully in these regards.
Again, too much spending, not enough savings, and not sustainable.
