Gov. Steve Beshear plans to announce his tax increase proposal in a 10 AM press conference.
It appears nothing stops the forward progress of big government.
The Infectious Greed blog passed along the following bond addendum filed by the state of Illinois in the process of trying to borrow $1.4 billion after the arrest of Gov. Rod Blagojevich.
It’s not the same thing, but when I saw this it immediately made me think of a very similar dollar figure that some in the state of Kentucky want to keep quiet.
Only yesterday I wrote about the proliferation of fees and dues that parents have to fork over to schools for everything from lockers to extra curricular activity participation. I mentioned that the virtual absence of decent accounting for this money was an open invitation to theft.
Now, just one day later, this article surfaces about the swiping of parent provided funds collected for school playground equipment.
Notice that these thefts took place over a fairly long period and only came to light because the crook got greedy and overdrew the account. This thievery was not discovered by an audit process, which was obviously inadequate, or may not have existed at all.
So, yes indeed, the Kentucky Department of Education needs to get with it and set up a decent accounting program for school dues and fees. With some schools’ dues and fees accounts now totaling more than $300,000 annually, this protection for parents should have started a long time ago.
It would really only be newsworthy if House Budget Chairman Harry Moberly called a press conference and said “We have been overspending in Frankfort for many years. Our public employee fringe benefits program is tens of billions of dollars in the hole and we have accumulated billions more in bonded indebtedness just to buy votes. We’re sorry and we will cut the nonsense immediately.”
November revenue figures out this morning for Kentucky’s state government continue to indicate overspending — and not a revenue shortfall — plagues efforts to balance the budget.
According to Acting State Budget Director John T. Hicks, combined General Fund and Road Fund receipts last month were $31,016,766 higher than in November 2007.
In the fiscal year since July 1, receipts are $45.1 million higher now than at the same time in 2007.
Again, cutting out wasteful policies like prevailing wage and corporate welfare and straightening up the accountability issues with K-12 education spending should come well before any of the currently threatened tax increases.
Congress and the White House appear to have worked out a $15 billion auto bailout.
From the Associated Press:
“Sen. Mitch McConnell, R-Ky., said he was concerned that Democrats were proposing a package that “fails to require the kind of serious reform that will ensure long-term viability for struggling automobile companies.””
“With their approach, “we open the door to unlimited federal subsidies in the future,” McConnell said.”
Hold that thought, Senator.