Editorial: Easley gets good start on slowing spending
Tuesday, September 30th, 2008
By Staff
Tuesday, September 30
(updated 3:01 am)
Gov. Mike Easley will leave office in a few months, but he's taking steps now to give his successor a hand.
Last week, he ordered state agency heads to cut spending by 2 percent. He excused education, Medicaid and financial aid for college students.
Action is prudent. Tax revenues would decline with a financial downturn, and the state simply can't spend what it doesn't have.
Well, actually it could. So the next thing the governor should do is delay some of the expensive capital projects stuffed into the current state budget and financed through borrowing. (more…)
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