Budgets are good for business
By Steve Vaughan, The Virginia Gazette, Williamsburg | |
McClatchy-Tribune Information Services |
And if you don't believe that, try being a tenant in a dispute with your landlord, a consumer in a dispute with a merchant or an employee in a dispute with your employer.
The arc of history may "bend toward justice," but the arc of power in
And that's the way
"This is a tough vote," one possibly apocryphal legislator supposedly once said to a colleague. "There's money on both sides."
But
The
It seems unlikely that a state that can't pass a budget would rate either honor. Some analysts believe the stalemate could also affect the state's coveted AAA bond rating. And the partisan brinkmanship in
The dispute is between the
The failure to expand
But the failure to pass a budget itself has now become more important than the reason for the gridlock.
By failing to pass a budget when they should have, the
That's because
Those strategies can make up a considerable amount of money.
The late Del.
"There's that much down in between the cushions of those big comfy chairs we sit in," he joked.
But there isn't a billion between those cushions. In terms of the
That means there will have to be budget cuts, which might have been avoided if the legislature had passed a budget back in March.
Because the deficit was created by a poor month of revenue collection, it might be fixed by a good revenue collection month if the
With unspecified state budget cuts a certainty, businesses -- as well as local governments, which have had to go through their own budget preparations without knowing the state's plans -- are left with uncertainty.
And uncertainty is bad for business.
Business notes:
-- 1st Class Real Estate-Peninsula Team-Williamsburg welcomes
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