Plunge in state revenue dashes hopes of an easy budget fix | WHAT REALLY HAPPENED

Plunge in state revenue dashes hopes of an easy budget fix

Legislators were hoping revenue would continue to exceed projections, forestalling deeper cuts and further tax hikes. But April's total was 30% below what was expected, leaving them with few options.

Webmaster's Commentary: 

The fatal flaw with the use of higher taxes to save the state's financial woes is not understanding when the people have run out of money to pay the taxes with!

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