And also looking back | Arkansas Blog

Monday, July 17, 2006

And also looking back

Posted By on Mon, Jul 17, 2006 at 6:30 AM

Brummett Sunday did a worthwhile look at how Speaker Bill Stovall's budget savvy contributed to the state's surplus today. A good thing, he notes.

This is a good time to refer you, as well, to a Sunday NY Times article on the wild swings in federal revenue on account of less predictable tax payments from the richest individuals and corporations. Moral: Don't read too much into Bush's recent pronouncements on tax revenue or presume that a current state surplus is a reliable indicator of future performance.

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