Consequences of the “Short Term” Ed Cuts
The more I think about the idea of approved roughly $3 billion in stand-alone cuts to education in the 2008-09 FY, I am gelling on the fact that to the extent that these cuts that represent just over 10% of needed cuts to fix the state's fiscal imbalance, they also push out any imperative to make other cuts for at least a month…
I am NOT a “policy” guy, I admit that. So that gives me license to do some generalizing. In the Governor's proposal to deal with the $24 billion problem, rougly $17 billion of his proposals are cuts, with a presumption that said cuts will go into effect on July 1. If we were to approve the $3 billion “kick the can” proposal advocated by Capitol Democrats and Assembly Republicans, this would ensure that Dems wouldn't have to face more cuts for at least a month…
So, 1/12 off of $17 billion… (I'm not near a computer or calculator). Let's call is $1.5 billion.
So already the “savings” from the immediate non-comprehensive cut has been “discounted” by 50% before you add in inevitable other costs associated with pushing out a real… Read More