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State revenue forecast looks grim
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Thank goodness our legislature and governor have tried hard the last two years to reverse a thirty year decline in educational spending. It was an uphill climb before the economic slowdown and a major challenge to maintain services now.
Education has never been more needed than in our modern world. Let's hope our economy begins to recover so Utah's children can get an education adequate to prepare them for their 21st century challenges.
If and when that happens let's hope Utah doesn't start educating Utah students like the most of the country, where 40% graduate rates are the norm.
Perhaps a tax increase this year to cover the State's budget in the red? Or do we continue to whine that we cannot afford the 42 inch plasma TV and simply must have our taxes cut yet again? Regardless, thank you, Future Generations, for the trillions we have spent of your future earnings.
I am surprised that there has not been more discussion on the impact of the Legislature's changes to the tax code last year. The last couple of years they have made some pretty dramatic changes to the State's tax code, which is probably a greater factor than our economic slowdown.
Drink up me hearties yo ho
His tax cuts were replicated by our govenor with our great flat tax. If you are middle income, you may save a couple of bucks, but it is doubtful. If you are a high roller, you will save not just thousands of dollars in taxes, but tens of thousands. How can you increase spending (Bush billions upon billions and Huntsman by 10% over the Leavitt administration) and cut taxes that pay for that increased spending?
Obama is definitely not to blame, I just hope he gets the support necessary to dig us our of the hole created by his predicessor.