State sound fiscally, Weiss says | Arkansas Blog

Wednesday, June 30, 2010

State sound fiscally, Weiss says

Posted By on Wed, Jun 30, 2010 at 6:43 AM

Richard Weiss, state Finance and Administration director, tells Stephens Media the state is in a "good spot" as the fiscal year ends today.

Good is, yes, a relative term after cuts in the budget, unrealized revenue expectations, an administration-directed freeze of most university pay (which only mirrored freezes for most state employees), deferred maintenance at prisons to allow admission of a few more inmates from the long list qualified for a prison cell.

The big question is whether the upturn in revenue will ever arrive, or, alternately, what's the next bruising impact if it does not?

RELATED: At top of NY Times today is story saying that betting on private spending for a recovery — rather than some Keynesian government spending — is a risky bet.

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