July 19, 2011
What do the states know about budgeting that Obama doesn't?
According to this article in the Washington Times, at least a dozen states ended the fiscal year with a budgetary surprlus. Some of the states accomplished that feat even while cutting taxes, while others bit the bullet and cut popular programs. At least a dozen states ended fiscal 2011 with surpluses. Indiana reported one of the largest, with an extra $1.2 billion in its accounts. Gov. Mitch Daniels, a Republican, on Friday authorized bonus payments of up to $1,000 for state employees. An employee who "meets expectations" will get $500, those who "exceed expectations" will receive $750 and "outstanding workers" will see an extra $1,000 in their August paychecks. "No state anywhere comes close to Indiana's record of spending tax dollars carefully, with total savings over the last six years in the billions. Your spending efficiency has enabled us to stay in the black even as revenues plummeted," said Mr. Daniels, who recently flirted with a run for the White House but...(Read Full Post)