Study: Permanent cuts or revenue increases are vital to balanced budget.
By James Salzer
The Atlanta Journal-Constitution
Georgia Politics
August 1, 2010
Gubernatorial candidates vowing to plow big bucks into schools and slash taxes face a sobering reality if they win election: It may be at least four years before the state can afford to do what they promise.
If then.
A new Georgia State University study obtained by The Atlanta Journal-Constitution suggests that without major, permanent spending cuts or revenue increases, the state faces massive budget shortfalls through at least the four-year term of the next governor. Budget shortfalls may be the new normal for state government.
“The gap is not going to close itself,” said Carolyn Bourdeaux, one of the authors of the study and, until recently, the state Senate’s budget director. “The state is going to have to change the structure of its expenditures, how it does business, which means getting rid of programs and getting rid of big programs if they want to do this through expenditure cuts.”
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© 2010 The Atlanta Journal-Constitution
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