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Business & Economics PRESS ROOM |
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Road closed: Initiative blocks raids on transport funds
Submitted by Anthony P. Archie on 8.12.2005
Buried within Proposition 76, the "Live Within Our Means" budget reform initiative, is a provision that would prohibit the borrowing of special fund dollars to cover General Fund shortfalls. With this common-sense proposal, state lawmakers would no longer be able to balance budgets by raiding funds earmarked for infrastructure investment.
Here are the merits, Judge
Submitted by Ralph R. Reiland on 8.8.2005
It was Christmas in July! Like Santa with an overflowing bag of goodies, Gov. Ed Rendell dashed around our part of the state with his super-sized, photo-op checks, handing out $51 million in taxpayers' money, mainly to private businesses that have good schmoozing and grant-writing skills.
California's budget shell game
Submitted by Anthony P. Archie on 8.4.2005
Buried within Proposition 76, the "Live Within Our Means" budget reform initiative, is a provision that would prohibit the borrowing of special fund dollars to cover general fund shortfalls. With this common sense proposal, state lawmakers would no longer be able to balance budgets by raiding funds earmarked for infrastructure investment, a common practice here. Take, for example, the raids on transportation funds over the past three years.
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