The Budget features the use of one-time money and anticipated funding from several sources. ClickJefferson.com wrote about thebudget here.
Kennedy claims that he has an easier solution to Louisiana’s annual budget issues: spend less.
“There's a better way. It's not complicated: don't spend
more than you take in, and when you do spend money, spend it on things you need,
not things you simply want,” Kennedy wrote.
The Treasurer also expects Louisiana to face its annual
mid-year budget deficit and scramble to fill that hole.
“Call this budget what you like: a fond illusion or smart
accounting. The result will be the same: mid-year budget cuts for the sixth
year in a row, because the budget is not balanced. Why should we care? Because
making a college cut $10 million with six months left in the fiscal year is
like a $20 million cut from day one. That shreds muscle, not fat.”
Kennedy closes his commentary with a question that I’ve
asked many times.
Regarding the spend more than you have government attitude
and the need to cut back and live within your means, Kennedy writes, “Louisiana
families know that. So do Louisiana businesses. Why can't government figure it
out?”
Here's a link to Treasurer Kennedy's commentary.
