Frank Riggs on Budget & Economy
Former Republican Representative (CA-1)
The next governor is going to inherit major fiscal challenges. The sales tax increase has expired and we've run out of one-time gimmicks like "borrowing long" against state-owned buildings and pledging lottery revenues to pay for annual operating costs. We've cut to the bone, especially in K-20 education where we've
[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:
The Fiscal Responsibility Act:
A balanced budget/tax limitation amendment and a legislative line-item veto to restore fiscal responsibility to an out-of-control Congress, requiring them to live under the same budget constraints as families and businesses.