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To: EL KABONG!!! who wrote (32573)4/28/2003 5:22:56 AM
From: Raymond Duray  Respond to of 74559
 
HISTORICAL PERSPECTIVE

Re: But the really big giver is at the federal level.

In every recession since WW II, the federal government returned money to the states and smaller jurisdictions via revenue sharing. This is the first time in 60 years that the Federal government has totally stiffed the smaller governmental entities in a time of distress.

This is "compassionate conservatism". A Bush election campaign promise.

************
BTW, New Mexico is in surplus. They have a healthy excise tax on the natural gas that is being lifted off Robert O. Anderson's lands.

amazon.com

Excellent primer on the industry. I have it in my library.



To: EL KABONG!!! who wrote (32573)6/12/2003 8:17:55 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
Why do taxpayers sit and scratch their heads and say they can't understand where all the surplus tax monies went to? ... Pissed it all away...

Hi Kerry,

Facing a massive budget gap this year, our illustrious legislature solved the problem by passing a sales tax on studded tires and raiding the budget reserve.

Given that the special studded tire tax will be about as remunerative as an Arizona tax on saguaro cactus jelly, our governor is sharpening up his veto pen and preparing to whack various revenue-sharing and entitlement programs that don't even exist in other states. Gotta admit I'm having quite a giggle about the shocked screaming and whining from the affected parties. Meanwhile, the local tire companies are gearing up to sell a whole lot of studded tires before the new tax goes into effect! <ggg>

Snow