[Let's Go Rangers]

Originally <a href='http://www.sportsbookreview.com/forum/showthread.php?p=23057103'>posted</a> on 11/23/2014:

2013-14
Opening balance +$759 million
Taxes and other revenues +$14,529 million
Net Appropriations -$14,865 million
2014 ENDING BALANCE +$443 MILLION
2014-15
Opening balance +$443 million
Taxes (3.49% growth) and other revenues +$14,994 million
Net Appropriations -$15,843 million
ENDING BALANCE -$406 MILLION
Required reserves -$65 million
TOTAL TO BE MADE UP BY 6/30/15 $471 MILLION
Sorry, Laurel Patrick, but we are far from on pace to finishing this budget with “our fiscal house in order.” I understand honesty isn’t a Walker Admin official’s top priority, but couldn’t you at least run the math before you try to BS people?


And the revenue shortfall means things get significantly worse in the next budget. I’ll continue to use the LFB projections from May, including their assumptions of no changes of revenue or spending through growth, just current law.
2015-16
Taxes and other revenues +$15,116 million
Net Appropriations -$15,732 million
ENDING BALANCE -$616 MILLION
2016-17
Taxes and other revenues +15,038 million
Net Appropriations -$15,744 million
ENDING BALANCE -$706 MILLION
This means a budget deficit of $1.322 BILLION lying in wait for the next 2-year cycle. And if we see any more slippage in this year (very possible with low job growth and higher expenses being revealed by the day), this number grows higher.
So we’ve now seen a repeat of the Tommy Thompson and George Bush idiocy of 2001, where a one-time surplus has been blown by short-sighted tax cuts, and now we have a widening budget deficit as a result. It also blows apart a major theme Gov Walker has tried to repeat during this campaign- that his austerity budget moves and tax cutting has left the state better off fiscally. It has not, and in fact, our hands are tied much more than they were when Walker took office in 2011.

Trimmed over 1 billion off the deficit. ..
no wonder he won three elections