We are now preparing a budget that for the first time all Alaskans will be able to understand & trust. No more games, no more shuffling numbers. Just an honest, straightforward look at where we are.
My administration will be focused on the basic functions of government, while realigning programs and operations to eliminate duplication and prioritize each agency's core mission. My first budget is going to be an honest budget. As I promised the people, we must start from the standpoint that expenditures must equal revenue. We can't go on forever using savings to plug the budget gap.
With conservative budgeting, Georgia has maintained a triple-A bond rating. Our Rainy Day Fund stands at $2.5 billion. Our fiscal house is in order. Last year, the Legislature lowered state income tax rates and fully funded public school education. I am confident we can do it again.
And I prayed a lot. And I truly give the good Lord the credit for all the good ideas, and I'll take the credit for the bad ones. But 23 months later, we're here today, there's been lots and lots and lots of hard work. Didn't have anywhere to go. Had to cut. Had to cut to balance the budget.
Well, we haven't had any cut budgets recently, and we're not going to have one today either. Today, we have things that are so good, so pluses. No new taxes. Did you hear that? No new taxes.
You're going to see a budget that is increased less than the rate of inflation, a budget that is increasing significantly less than the economic growth of our state. And you're able to announce--the biggest in the State's history--a surplus bigger than we've ever had before.
Wyoming has been responsible in putting together savings that can help stabilize the downturns. If we are to chart our own future, we must also be disciplined and refill and even augment those savings in the good times.
We must be wise with our savings, using them when we need them. I support a bill to better define the purpose of the Rainy Day Account, or LSRA, so that those nearly $2 billion can be invested in a way that, first and foremost, assures the money in it will be there for rainy days and second that it can earn incrementally better returns than it does now. This definition will also clarify when, how much, and for what purposes we have set aside these specific savings.
These measures and my proposed budget ensure we avoid the short-term fiscal mistakes that other states and the federal government continue to make.
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| Candidates and political leaders on Budget & Economy: | |||
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Retired Senate as of Jan. 2015: GA:Chambliss(R) IA:Harkin(D) MI:Levin(D) MT:Baucus(D) NE:Johanns(R) OK:Coburn(R) SD:Johnson(D) WV:Rockefeller(D) Resigned from 113th House: AL-1:Jo Bonner(R) FL-19:Trey Radel(R) LA-5:Rod Alexander(R) MA-5:Ed Markey(D) MO-9:Jo Ann Emerson(R) NC-12:Melvin Watt(D) SC-1:Tim Scott(R) |
Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R) GA-1:Jack Kingston(R) GA-10:Paul Broun(R) GA-11:Phil Gingrey(R) HI-1:Colleen Hanabusa(D) IA-1:Bruce Braley(D) LA-6:Bill Cassidy(R) ME-2:Mike Michaud(D) MI-14:Gary Peters(D) MT-0:Steve Daines(R) OK-5:James Lankford(R) PA-13:Allyson Schwartz(D) TX-36:Steve Stockman(R) WV-2:Shelley Capito(R) |
Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R) AR-2:Tim Griffin(R) CA-11:George Miller(D) CA-25:Howard McKeon(R) CA-33:Henry Waxman(D) CA-45:John Campbell(R) IA-3:Tom Latham(R) MN-6:Michele Bachmann(R) NC-6:Howard Coble(R) NC-7:Mike McIntyre(D) NJ-3:Jon Runyan(R) NY-4:Carolyn McCarthy(D) NY-21:Bill Owens(D) PA-6:Jim Gerlach(R) UT-4:Jim Matheson(D) VA-8:Jim Moran(D) VA-10:Frank Wolf(R) | |
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