Wednesday, April 13, 2011

Impertinent Observations (fiscal edition)

I cannot help but think that last week’s federal “budget” negotiations were a complete sham (actually the horse trading concerned yet another continuing resolution – the budget should have been passed last year but was not).  I fear that in the long run, as Macbeth may have noted, they were “full of sound and fury, signifying nothing” substantive insofar as actually cutting spending in a meaningful way.  The upcoming talks on the next fiscal year’s budget and increasing the federal debt ceiling will, in all likelihood, simply constitute more of the same.

The Clarke County School District is out with its budget for FY 2012.  Despite the claim that it is an “austerity" budget, the folks over on Mitchell Bridge Road actually intend to increase spending over the current fiscal year.  For some commentary, see my column in next Sunday’s Banner-Herald.

The folks down at City Hall have been talking about their FY 2012 budget in work sessions, but have yet to release it or the proposed millage rate.

Finally, while I agreed in principle with the Special Council’s quest to broaden the tax base for the State of Georgia while simultaneously reducing rates, there was quite a lot not to like about the specific proposals, especially those that would have injected the government into “casual” transactions.  Oh well, perhaps the exercise may lead to something productive in the next session of the General Assembly.

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