Posted at State 29:


The Tax Prof Blog via the Tax Update Blog:
Headline: State Tax Revenues Surged 7.7% in FY 2006, Eclipsed by 8.4% Spending Increase

For FY 2007, NCSL projects state tax revenues to increase 3.0% and spending to increase 7.6%.

I think the last fiscal conservative left a few years ago and turned out the light.
Now, all we're left with is fauxscal conservatives here in Iowa, like Chuck Grassley's $50 million in deficit-financed pork to buddy David Oman and his rainforest scam, and Jim Nussle, the earmark kingpin, who is the head of the House Deficit Committee.
Not that Democrats are any better. What sort of budget discipline have they demonstrated? Look at Vilsack proposing a 6.1% increase in spending this year when tax revenues in Iowa only went up 3.6% in the last budget year.


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