The Governor has just left the stage from introducing the ’08-09 budget. He was very clear that spending needed to be reined in and brought under control.
just a couple quick highlights:
-He said we cannot tax our way out of this problem
-pointing to the charts, he noted that had previous budget reforms been in place, we would be in balance, instead the current chart shows a wide gap of $10B or more.
-this is a budget that doesn’t please many people
No doubt, this will be difficult. Let the frenzy begin.