View Full Version : States Turning to Last Resorts in Budget Crisis

06-22-2009, 10:27 AM
In Hawaii, state employees are bracing for furloughs of three days a month over the next two years, the equivalent of a 14 percent pay cut. In Idaho, lawmakers reduced aid to public schools for the first time in recent memory, forcing pay cuts for teachers.

And in California, where a $24 billion deficit for the coming fiscal year is the nationís worst, Gov. Arnold Schwarzenegger has proposed releasing thousands of prisoners early and closing more than 200 state parks.

Meanwhile, Maine is adding taxes on candy and ski tickets, Wisconsin on oil companies, and Kentucky on alcohol and cellphone ring tones.

With state revenues in a free fall and the economy choked by the worst recession in 60 years, governors and legislatures are approving program cuts, layoffs and, to a smaller degree, tax increases that were previously unthinkable.

All but four states must have new budgets in place less than two weeks from now ó by July 1, the start of their fiscal year. But most are already predicting shortfalls as tax collections shrink, unemployment rises and the stock market remains in turmoil.


06-22-2009, 10:27 AM
Tax his land, Tax his bed, Tax the table, At which he's fed."
Tax his tractor, Tax his mule, Teach him taxes Are the rule.
Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he tries to think.
Tax his cigars, Tax his beers, If he cries, then Tax his tears.
Tax his car, Tax his gas, Find other ways To tax his ass
Tax all he has Then let him know That you won't be done Till he has no dough.

When he screams and hollers, Then tax him some more, Tax him till He's good and sore.

Then tax his coffin , Tax his grave, Tax the sod in Which he's laid.

Put these words upon his tomb, " Taxes drove meto my doom..."

When he's gone, Do not relax, Its time to apply The inheritance tax.