It’s your money! Why are they taking so much?

We’ve just wrapped up an eventful sixth week in this 2020 legislative session. It has left me thinking about one inescapable fact: there has been a lot of bad legislation going through the process this year.

Why do I say that? The first reason is the revenue forecast that was released this week. This is the 16th straight quarterly forecast that has increased the amount money expected to come in to state government. The forecast indicates revenues for the 2019-21 budget cycle are $606 million ahead of the November 2019 forecast, for a total estimated revenue gain of $1.5 billion since this last year’s legislative session ended in April.

It’s your money! Why are new taxes being imposed at all? Is it not time for some tax relief?

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