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Editorial: Short takes
Thursday, June 9, 2011

INNOVATION OHIO, a recently created liberal think tank, says it is wrong for the Kasich administration to claim that its budget proposal fills an $8 billion hole left by former Democratic Gov. Ted Strickland.

Never mind that for the past two years, virtually everyone has accepted the $8 billion figure as a reasonable estimate of the budget mess Strickland left behind. In fact, Janetta King, president of Innovation Ohio, implicitly endorses the $8 billion figure, because that is the starting point from whence she derives the $5.1 billion figure that she now claims is the more accurate estimate. She says the state stands to gain about $2.9 billion in unanticipated revenues. She subtracts this from $8 billion to reach her estimate.

It should be noted that while $5.1 billion is less than $8 billion, it is still a vast budget hole left by Strickland. And whether it was $8 billion or $5.1 billion, it was a massive failure of fiscal responsibility.

And most important, whether the hole is $5.1 billion or $8 billion, it means the state has no money to spare, necessitating deep cuts and much shared pain throughout Ohio.

Gubernatorial candidate John Kasich promised to pull the state out of the Strickland budget hole. Judging by the budget proposals put forward by the Ohio House and Senate that are largely based on Kasich’s plan, he is about to do exactly that.

Bottom line: Strickland left behind a mess, and Kasich cleaned it up. This conclusion follows no matter how one does the arithmetic.

Read it at the Columbus Dispatch

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From the Senate Majority Caucus… Read it here
Senator Faber's Comments... Read it here
Senator Beagle's Comments... Read it here

 
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