Texas Tribune 5/3/10The Shell Game(snip)
No taxes. No cuts. Just some accounting and collection tricks.
In 2011, facing a monstrously large budget shortfall, lawmakers will likely turn to the same shell game to cover the first $2 billion or more. But such trickery represents a risky bet: If they economy doesn’t rebound, bringing tax collections up with it, the next Legislature will be doubly broke.
"It's a gamble," says Dale Craymer, president of the Texas Taxpayers and Research Association. "It works great if revenues recover and you grow out of the problem."
(snip)
This session: Time to borrow. State budgeteers expect the gap between revenue and current spending to be somewhere in the $11 billion to $20 billion range, a classic money trap that leads to conversations about taxes, spending cuts, expanded (and taxable) gambling, using the Rainy Day Fund and new federal stimulus programs.
And cheating, too. The budget writers could erase $2 billion or more of tough political decisions over cuts or taxes with accounting tricks. Some say it’s a victimless crime. "Obviously it's easier — it's invisible to the public," Heflin says.
Cheating is the new Texas Republican value. It is better to cheat and hide the truth than to be honest with the public.
Same as it ever was.... :eyes: