Posted Thursday, July 1, 2010
The state of Ohio has laid off workers, drained the rainy day fund and spent billions of federal stimulus dollars just to patch the current two-year budget. But, starting next year, there's a new budget shortfall that could be as big as $8-billion. Experts say that's way too big a hole to be filled by a tax increase or spending cuts alone. So how does state government avoid a great fiscal train wreck? Thursday on the Sound of ideas, we'll get an update from Columbus and talk to a couple of think-tanks about possible solutions.
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I have a problem constantly having my taxes raised, having less to live on, and not knowing what I am getting for my taxes. Look at the Toledo area that was ravaged by a tornado and then denied help rfom the federal government when they most needed it. Where are their federal and state taxes going? Certainly not to help them in their time of need.
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