Sunday, December 10, 2006

Headed into the red?

The state's budget is, in my opinion from an accounting perspective, a joke. Look no further than the underfunded teachers' pension fund. We book all revenue as soon as possible and delay expenses as long as possible. So it really didn't surprise me to see this AP article: State could find itself $500 million in the red for 2007-08.

Perhaps the state could start to get its finances in order by using real accounting principles, getting rid of state police who seem to spend their time actively ignoring likely crimes and reforming, perhaps the biggest waste of money in the state, the DOT.

Tim White
Town Council, 4th District

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