Friday, February 6, 2009
Kotz / Legislature / Politics Tennessee Tax Revenues Crash in January
Posted by Pete Kotz on Fri, Feb 6, 2009 at 4:02 PM
The state has announced that tax revenues plummeted in January, dropping by 11 percent due to the lack of consumer spending. That means that in just the first month of the calendar year, Tennessee is already $114 million below budget expectations. Or in the words of state finance people, "Mother$#@%&*!"
Of course, an income tax would help balance the highs and lows. But smart planning should never get in the way of weird obsessions.
Comments (8)
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Sure would have been nice if the legislature had not consistently violated the spending cap over the recent past and saved rather than spent the budget surplus.
Something...something...something coming home to roost.
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Maybe we should follow radio genious Dave Ramsey and just eat rice and beans to save state money. This budget structure is killing state government and our state's future to compete and succeed.
Keep honking radio idiots! Thanks for the screwing Gill and Valentine!
Let's just shut down all the institutions of higher learning. Who needs those ivory tower educated people in this hillbilly heaven.
We obviously are going to be controlled by idiots and fools going forward. Beep beep we're headed for 50th in every meaningful measurement.
Even the poor in TN have been brainwashed against income taxes. The rich have done
there job on brainwashing to protect their money. Nice job!!!
"Of course, an income tax would help balance the highs and lows. But smart planning should never get in the way of weird obsessions."
And reality never gets in the way of the fantasy land that you goo-goo liberals live in.
The states that do have income taxes - one of the most noteable being California - are are in just as bad - or worse shape than the ones that don't.
Oh and a state that doesn't have them - Texas - is in a lot better shape than most other states.
If California were a country, it would have something like the 7th or 8th largest economy in the world. They must be doing something right. You know, realistically.
