Tough Choices After Election Day
Today is Election Day and everyone has politics on the brain. Can the GOP take the Senate? Will Strickland hold on in Ohio? Will Californians pass Prop 19?
But after all the results are in and the concession speeches are given and the victory celebrations are over, elected leaders will still have to govern. And governing through this economic slump is no picnic.
Elected leaders have lots of tough choices ahead, particularly at the state level where governments must try to bridge budget shortfalls without help from federal stimulus funds. They will have to address issues like state employee retirement costs and the costs of our state corrections systems. But they canít neglect our future competitiveness with deep cuts to key infrastructure and education.
Here are three news articles from the past week that illustrate the extent of the challenge:
From Bloomberg.com - New York State Faces $315 Million Budget Deficit on Lower Tax Collections
From the Dallas Morning News - Legislature likely to cut deep to meet possible $25 billion budget gap
From the Oregonian - Hard choices: Oregon governor, Legislature face grim choices on worker pay
The business community cannot afford for local chambers to sit out the debate over state budgets. To help you and your business members better understand the budget challenges states face and offer research-based solutions, ACCE has partnered with the Pew Center on the States to organize a free, three-part DIALogue teleseminar series called:
Each session will feature both an issue expert from Pew to provide an overview of national data and trends and a business leader-advocate to share experience in a specific state. Click for more information on this important series.