EDITORIAL: No special session, but big budget challenges remain
A larger deficit would have pushed Reynolds to call the Republican-controlled Legislature back to the
Cooked books, skilled fiscal management or good luck? The debate continues.
What's certain is the state had to borrow a grand total of
We still don't know how much
How
Reynolds has talked of tax reform, but has yet to explain what that would mean. It should include an effort to weed out some of the billions in tax cuts, exemptions and breaks bestowed on various special interests over the past two decades, sapping revenues, even in decent economic times, with scant proof of benefits. But the Reynolds administration's use of more tax breaks to lure an Apple server farm suggests the giveaway culture remains alive and well.
So one budget has been balanced using the state's credit card. The current budget, which fails to adequately fund key priorities, still could slide into red ink. The fiscal future, burdened by the growing weight of tax gifts and clouded by the murky politics of health care, is uncertain. Avoiding a special session is welcome, but it's no reason to celebrate.
--Comments: (319) 398-8262; [email protected]
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