Based on all reports, the upcoming regular session will be one of the most difficult ever for members of the House and Senate. To put it in plain, understandable language, our state is flat broke. Either additional revenues must be found or good and needed programs will have to be drastically cut by the legislators. We can no longer afford to ignore the reality that revenues must be found. In my opinion, increasing sales and income tax rates shouldn’t be an option. That leaves property tax increases and closing corporate tax loopholes as the most logical sources of new revenues.
Alabama governors and legislators have patched and borrowed for decades with no real long-range fiscal planning by any governor. “Robbing Peter to pay Paul” was always a favored approach when the state’s fiscal problems were being dealt with. Depending on the federal government to fund state programs kept things afloat during the Riley years, but as has been widely reported, a major source of those funds has dried up. Eventually, those in control of state government must realize that additional revenues are badly needed. Hopefully, that time will come soon!
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