The FY 2016 Budget: A Challenge, and an Opportunity

Edgar's picture

With every challenge comes an opportunity and, as one of my favorite sayings goes, “setbacks are opportunities for comebacks.” Fifty dollar a barrel oil prices and a $611 million budget shortfall certainly qualify as challenges, even setbacks, but they are ones that we can overcome. This year we have a tremendous opportunity to carefully rethink how we put together the state’s budget and to address cyclical and structural imbalances that threaten the stability of state finances.

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