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Friday, July 22, 2005

Virginia Budget: Is Fat with 544 Million Surplus Over Expenditures

The reason why we have such a balance is because Virginia's economy surged in 2004 and because of tax increases. This puts Virginia rainy day fund over a billion dollars. Or slightly higher than Rev Jerry Falwell's backup plan for an endowment fund for Liberty University.

With this considerable balance, of a billion dollars being saved for Virginia's rainy days, maybe it is time to reign in, and reduce the tax burden on Virginians. Virginia's goal at this point should be to equalize the taxes with the cost of running the Virginia government. A problem with governments, all governments including our state and Lynchburg governments, spending gets out of hand when the money pot gets too large. Just like we have to teach our kids to be responsible for their allowance, we should be very careful in watching the allowances given to our local governments.

(Local news) (City Council and local issues)


At 9:06 AM, Anonymous Anonymous said...

If Dr. Falwell gets some of this surplus state money, I would like to suggest he make this money available for inmates throughout VA to get degrees from L. U. What better way to rehabilitate than with an education!!

At 9:24 AM, Blogger B O B said...

Thank you for your comment.

I think your idea of offering educational opportunities for immates is a good idea.

As far as Dr. Falwell getting some of the budget surplus from the state that is most likely out of his grasp, but you never know.

Dr. Fawell at present, is being faced by a complaint to the I.R.S.
that may affect the standing of some of enterprizes non profit status. We will be looking to see if he can jump through that hoop.


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