Budget pessimism | Arkansas Blog

Thursday, February 18, 2010

Budget pessimism

Posted By on Thu, Feb 18, 2010 at 12:45 PM

This is based on nothing scientific. But reading that Joint Budget today approved $4.5 billion in state general revenue spending for the next fiscal year (July 1), $176 million more than this year, or an increase of almost 4 percent, makes me the slightest bit nervous.

Some of this figures on using reserve money, I know. But everything I've read lately  -- from local tax revenues to workforce numbers to predictions on the return of jobs and categorical spending -- just leaves me uneasy. Nothing much seems to be increasing -- not pay, not tax revenue, not the economy.

Call me conservative.

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