tag:blogger.com,1999:blog-2471227525958744648.post-53428110726804537952008-04-23T17:00:00.002-04:002008-04-23T17:06:32.022-04:00Here are some key points on the Capital Outlay Budget just given to me by a colleague in the House:<br /><ol><li>The bond cap (how much we can borrow) is being raised from $2.7 billion to $3.8 billion. It will cost the general fund budget about $100 million every year, money that would otherwise be used to pay for needed services.</li><li>This bill authorizes spending this year and every year through 2012.</li><li>Because the bond cap is a <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">statutory</span> measure, it can be increased every year.</li><li>This bill spends $400 million <span class="blsp-spelling-corrected" id="SPELLING_ERROR_1">more</span> than even the Governor recommended.</li><li>The actual cost of this bill is $1.8 billion in new spending.</li></ol><p>One must ask...how many credit cards are we going to max out before the people are broke?</p>Jack Hoogendykhttp://www.blogger.com/profile/04000930931176589718noreply@blogger.com