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Old 02-14-2009, 10:49 AM   #3
phoenix
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most states are in deep financial trouble and are looking to close substantial gaps to balance a budget since they can't easily deficit finance like the feds( they do issue bonds for capital expenditures) . Arizona is looking at a potential 30% gap next year between revenue and cost and about half of its budget is off limits due to federal rules or prior voter approved spending initiatives. Since the Governor in NH is committed to avoiding the third rail (sales or income taxes) his proposals are a lot of small tax increases and savings that you listed. It will be interesting how this progresses through a heavily democratic legislature over the next few months. I still expect the donor town concept to reappear
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