Disagreements on 2010 Budget
Filed by Michael Cross in Feature, Local News, News, Politics.
February 8, 2010
Negotiations over a supplemental bill for the rest of the 2010 fiscal year might have hit a snag with the Governor’s State of the State Address last week.
Governor Henry is asking lawmakers to use 80% of the Rainy Day Fund or $485 million to fill some holes in the 2010 budget.
Senate President Pro Tem Glenn Coffee worries using nearly the entire constitutional reserve fund would leave only about $43 million for 2012.
“If you found no additional revenue other than what’s there for the rainy day and the stimulus funds and a few other revenue sources, you still have about an $850 million hole to fill.”
Senator Coffee wants to see only three-eighths of the rainy day fund used or about $225 million for 2010 and 2011, leaving $150 million for 2012.
He also has concerns about the governor’s proposal for revenue increases through collecting sales tax on Internet purchases.
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