Tuesday, January 21, 2014

A 'good-government' use of unexpected tax revenues?

The Wisconsin Taxpayers Alliance posted,
"One idea that is probably not on the radar screen of state politicians also deserves mention. Over the past two decades, state budget problems prompted governors and lawmakers to use repeated accounting tricks to 'balance' what would otherwise have been unbalanced state budgets. Some of these tricks involved changing the timing of state aid and property tax credit payments to local units of government—i.e., shifting costs from one fiscal year to the next.

"One good-government alternative for using new-found cash is to 'buy back' or 'undo' some of these past accounting tricks."