Attaboys and Oh Boy’s for Jan. 27

Oh Boy!

To the state leaders still beating the “broke” horse by calling for tax cuts during one of the state’s tightest budget years. The state is collecting less revenue at this point in the fiscal year than expected, while standing in front of a $52.4 million deficit in Medicaid and holding a $30 million-bill for a federally mandated fix on foster care. Last week, Gov. Phil Bryant ordered budget cuts for some state agencies while also dipping into the state’s rainy day fund. Times aren’t as rosy as they used to be, and spending cuts are a mostly unfortunate reality of this. But Bryant, joined by Lt. Gov. Tate Reeves and other leaders, continues to believe it’s in the state’s best interest to cut future funding sources that would further decrease Mississippi’s revenue intake — which is the non-warm and fuzzy way of saying “cutting taxes.” Granted, there are tax laws that likely should see the ax, but not without finding other taxes (future revenue) to fill the growing gap. The state’s obligation to its citizens —transportation, services, education, health care, etc. — must be met, and cuts to spending combined with cuts to future revenue only puts up back at this same point: broke.

ClarionLedger
1/26/16