In In The News

It’s July 2, and do you know where our state budget is?

It’s still stuck in negotiations. And it’s odd; we’ve heard so much about how big our state budget has gotten — over $80 billion — that it should be easy to find consensus to fund everything we need, right?

But revenues and budget are two sides of the same coin — money expended cannot exceed the money we bring in. When revenues come in strong, the state can increase investments in housing, health care, education and programs that help put food on the table. In leaner years, such as during economic recessions, the state either has to make cuts across the board or prioritize funding for important or essential programs. Regardless of the size of the state budget, policymakers always say the same thing: We have limited resources and have to prioritize our investments.

Why are we so stuck in the age of austerity?

Read more in The Alpena News.