November 20, 2008
Out of the Hole
I'm a little delayed in posting it, but during last week's Anchor Rising spot on the Matt Allen Show, Andrew explained just how daunting is the problem of bringing the Rhode Island government within its budget. Stream by clicking here, or download it.
Since the GA is loathe to raise taxes or do any real change (pensions, Caroulo Act, mandates, welfare, legalize drugs/victimless crimes, etc.) look for them to slash local aid for more phony kick the can solutions (sic) like the farcial "global waiver"-which the governor also shamefully went along with.
As for property taxes the Paiva-Weed "waivers" will be freely granted and your property taxes will be neck and neck with New Jersey's for the "gold medal" within 3 years.
Huh? They're "loathe to raise taxes"? Maybe you and I have different opinions on what "loathe" means, but they're not afraid to in the least. They'll raise taxes, and the Gov with fight it and veto and they'll blink and override. A tax increase is coming. It's not an election year.
Posted by: Patrick at November 20, 2008 2:19 PMI think I am right that they are loathe to raise taxes-STATE taxes that is. They pass the buck to the municipalities and take a split second to approve property tax "waivers" of the Paiva-Weed so called "cap".
As long as there exist those big, juicy one-time fixes in Lincoln and Newport state taxes will not be raised-at least for non-millionaires. Once future gambling revenues have been sold (and they will be have no doubt about that) THEN you will see catastrophic tax raises. A 10% sales tax and/or a statewide property tax.
Although maybe the Democrats will avoid this by making the systemic pension, benefit, staffing and welfare cuts over the objections of their core voters?
Nah.