JLBC did not welcome the Governor's budget plan with open arms. The biggest issue? There are members who believe the shortfall that will be as high as $1.2 billion, whereas the Governor thinks the shortfall will only be about $800 million or 1/3rd lower than the doomsday scenario.
My question is, why not plan for the worst and hope for the best? With the economy supressed as it is, it wouldn't be the end of the world to have a little money left over at the end instead of having to revise the budget over and over. Its like having a mortgage to big to pay, but cutting back on groceries, expenses, gas, trying to make ends meet before admitting you have to sell the house.
Even the Republic admits that there are troubled times ahead:
"If anyone thought this budget fix was going to be easy, not to mention the looming deficit for the 2009-10 fiscal year, this is an early warning sign of choppy waters ahead."
Wonder if they are ready to say that trying to spend increased lottery winnings and other schemes may not have been such a good idea. Especially since lottery winnings are down.
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