The state's budget outlook took a turn for the worse today with news that the expected increase in the revenue forecast is $167 million smaller than anticipated. Even before this news the state was facing a self-inflicted $2.5 billion deficit caused by overspending.
It looks like some in the legislature are all ready planning to address this problem with tax increases. The Senate Majority Leader filed a lawsuit earlier this year to help make it easier to raise taxes.
Perhaps the question candidates should be asked before the election is: "Do you plan to use budget restraint or resort to tax increases to fix the state's fiscal health?"
The answer will have a big impact on our wallets next year.
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