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| GOV. SANFORD SPEAKS WITH WISDOM |
| Friday, April 08, 2005 |
| Sout h Carolina taxpayers will send an additional $600 million into state government this year, and the question is what do we do with it? To a great degree there are basically two choices:
A) Add new spending and programs.
B) Hold the line on spending increases so we can first pay off money borrowed in tough times, and if there is left over money return some to the taxpayers sending it.
In the real world of business and family life people pay back money borrowed from the cookie jar in tough times before they make a bunch of new financial commitments. It strikes me that a big part of putting a state's financial house in order lies in doing the same and not ramping up our state's spending at the first glance that the economy may be improving.
We have proposed doing each of these things in the budget process, and to date we are not getting a lot of reception with budget writers in the House and Senate. The budget is now in the Senate and if you want them to hold the line on spending, leave more money available for tax relief and pay off a larger part of the almost $500 million that was borrowed from trust funds over the last few years, now is the time to make your voice heard.
Click this link for an approximate breakdown of our budget versus the House and Senate budgets as of this week: http://www.scgovernor.com/uploads/upload/compchart.jpg
Our Executive Budget made $160 million in spending cuts. The House cut $44.5 million and the Senate cut $32.7 million. We proposed repaying $359 million in trust and reserve funds. The House and Senate budgets repay $117 million. Spending in our proposed budget increased by $93 million, the House's by $457.5 million and the Senate's by $483.7 million.
The full Senate will be debating the budget soon. You can click the link below to read for yourself a copy of my budget letter to the Senate. More importantly, you can contact your Senator directly by logging onto http://www.scstatehouse.net/cgi-bin/zipcodesearch.exe or calling 803-212-6700 to find out their contact information.
Thanks again for your continued support.
Take care,
Mark
Gov. Sanford's Budget Letter to Senate:
http://www.scgovernor.com/uploads/upload/Senate_Letter_final.pdf
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posted by Jack Mercer @ 4/08/2005 03:58:00 PM   |
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| 1 Comments: |
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Yeah, but it's so fun and easy to spend other peoples' (read "taxpayers'") money. How ridiculous to counsel financial restraint. (Can you tell I'm being sarcastic here?)
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Name: Jack Mercer
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Yeah, but it's so fun and easy to spend other peoples' (read "taxpayers'") money. How ridiculous to counsel financial restraint. (Can you tell I'm being sarcastic here?)