April 16, 2023
States that had been collecting a lot of tax, and drafting their budgets depending on it, are experiencing shortfalls now that inflation and whatnot are cutting into the tax collections.
They have to know this stuff is temporary, but they fall for it every time. They make big splashy promises in order to look good, then come up short.
They should at least wait three years in order to see if the good times are a temporary trend or are here to stay. In the meantime, they could put some money aside for the bad times. THEN they could start making their ambitious budgets.
Maybe someday they’ll figure it out.
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