Where does the budget come up short?
Wednesday, Jul 5, 2017
I went over the governor’s veto in detail with subscribers today, but since this is in the public domain, let’s look at it.
* If you click here, you’ll see that the Republicans’ “Capitol Compromise” plan (labeled “Brady June” in the document) booked $1.25 billion in pension savings. As we’ve discussed many times before, the governor’s first budget proposal booked a whopping $2.2 billion in immediate pension savings.
So, spare me the outrage.
* Now, on to the second point. The governor spent a ton of money without any appropriations. He signed contracts for goods and services knowing that there was no legally authorized cash to pay for them. And, now, after spending that unauthorized money, he wants the General Assembly to pay off his bills.
Despite my snark, the state does need to pay those bills. But if the governor wants that revenue, he needs to go negotiate with the leaders to generate it, or make cuts on his own. And that would’ve been much easier to do if he had used his line-item and reduction veto powers instead of vetoing the whole budget in one fell swoop.
* Meanwhile, the comptroller sent out a press release late yesterday describing her new role in life…