From Tim Utx for House 50A
2/9/09
Legislative Report #13
680 bills and more to come
As of today, the Minnesota Legislature has introduced 680 bills. The latest *bill is anticipating hundreds of millions or perhaps billions of federal dollars sent to Minnesota. Anticipating a handout from the Federal government seems foolish. The federal government continues to squander all revenue and continues spending future generation’s income. With the latest stimulus package, expect over $2,000,000,000,000.00 federal budget debt this year. Any check congress issues to Minnesota becomes a bad check issued on our grandchildren’s working backs.
Another question we need to consider is why 680 bills? Minnesota is facing a financial Tsunami and to date the 680 bills include.
1. Millions for development of light rail North South and East of the Minneapolis/Saint Paul area.
2. Universal state run, non-competitive healthcare costing $30,000,000,000.00 to $50,000,000,000.00 annually.
3. The Minnesota Miracle, including an education funding formula revision, indexing for inflation and a 30% $2,500,000,000.00 overall increase in K-12 education funding.
4. Millions in new bonding for Arts and wildlife programs for costs that are covered under the new Constitutional amendment.
5. A further striping of personal liberties using primary seatbelt law, additional child restraint laws, and forcing medical support of abortion.
I see very little Legislative understanding of our current economic stress or budget shortfall when reviewing the proposed bills to date. Increased spending, expanding programs, and starting new initiatives show disregard for Minnesota current economic condition.
*https://www.revisor.leg.state.mn.us/bin/bldbill.php?bill=H0680.0.html&session=ls86
2/9/09
Legislative report #14
Bonding to pay interest
The Republican governor Pawlenty is proposing in his budget to bond $1,062,000,000.00. The purpose of this 20-year bond is to help balance the 2010-2011 biennium state budgets. The state has $4.7 billion in outstanding bonds in addition $2,700,000,000.00 in authorized bonds not issued yet but waiting for approval. In the next biennium, Minnesota is obligated for over $900,000,000.00 in interest and payments on those issued bonds.
The Governors plan is similar to an individual using a VISA card to make payments on other credit cards like the Master Card, American Express, and Discover cards. Even more disturbing is the idea we should accept spending another $600,000,000.00 in interest on interest with this bond request. The result is no actual production, investment or tangible brick and mortar projects from this bond, just more spending, debt, and delayed accountability.
2/9/09
Legislative Report #15
Indexing for K12 Education
HF 02 the “Minnesota Miracle” K-12 education bill has an indexing clause included. Indexing provides inflation protection to budgets similar to an annual raise someone receives from an employer to offset the effects of inflation. Education in Minnesota expects revenue protection from inflation and thus includes indexing in formulas for funding.
Below is an example of how indexing state expenditures on K-12 education can affect a budget. If we apply a 4%, inflation to the next biennium K-12 education would receive a $542,395,200.00 automatic funding increase in 2012.
FY 2010 state spending on K-12 education
$6,647,000,000.00 multiply by inflation of
3.5% automatic increase of $232,635,000.00 $44.74 per every man, woman and child in Minnesota
4% automatic increase of $265,880,000.00 $51.13 per every man, woman and child in Minnesota
5% automatic increase of $332,350,000.00 $63.91 per every man, woman and child in Minnesota
In FY 2011, $6,912,880,000.00 from FY 2010 plus 4% inflation equals $276,515,200.00 resulting in a spending level going into the next biennium of $7,189,395,200.00 for K-12 education. Also, remember HF 02 includes about $2,500,000,000.00 spending increase over inflation. Under HF 02 and only a 4% inflation rate Minnesota is committing $9,689,395,200.00 or $1,863.35 per every man, woman and child in Minnesota on K-12 education in 2012, a 45.5% increase in just 2 years.
2/12/09
Legislative Report #16
Fireside Report #01
Campaign Committee for Constitutional Republicans are producing a series of Legislative video updates for House 50-A citizens and any other folks interested in Minnesota state government Legislative activities. Our first contribution posted on U-Tube at the link below.
Tim Utz Legislative Update 2009 #1
2/9/09
Legislative Report #13
680 bills and more to come
As of today, the Minnesota Legislature has introduced 680 bills. The latest *bill is anticipating hundreds of millions or perhaps billions of federal dollars sent to Minnesota. Anticipating a handout from the Federal government seems foolish. The federal government continues to squander all revenue and continues spending future generation’s income. With the latest stimulus package, expect over $2,000,000,000,000.00 federal budget debt this year. Any check congress issues to Minnesota becomes a bad check issued on our grandchildren’s working backs.
Another question we need to consider is why 680 bills? Minnesota is facing a financial Tsunami and to date the 680 bills include.
1. Millions for development of light rail North South and East of the Minneapolis/Saint Paul area.
2. Universal state run, non-competitive healthcare costing $30,000,000,000.00 to $50,000,000,000.00 annually.
3. The Minnesota Miracle, including an education funding formula revision, indexing for inflation and a 30% $2,500,000,000.00 overall increase in K-12 education funding.
4. Millions in new bonding for Arts and wildlife programs for costs that are covered under the new Constitutional amendment.
5. A further striping of personal liberties using primary seatbelt law, additional child restraint laws, and forcing medical support of abortion.
I see very little Legislative understanding of our current economic stress or budget shortfall when reviewing the proposed bills to date. Increased spending, expanding programs, and starting new initiatives show disregard for Minnesota current economic condition.
*https://www.revisor.leg.state.mn.us/bin/bldbill.php?bill=H0680.0.html&session=ls86
2/9/09
Legislative report #14
Bonding to pay interest
The Republican governor Pawlenty is proposing in his budget to bond $1,062,000,000.00. The purpose of this 20-year bond is to help balance the 2010-2011 biennium state budgets. The state has $4.7 billion in outstanding bonds in addition $2,700,000,000.00 in authorized bonds not issued yet but waiting for approval. In the next biennium, Minnesota is obligated for over $900,000,000.00 in interest and payments on those issued bonds.
The Governors plan is similar to an individual using a VISA card to make payments on other credit cards like the Master Card, American Express, and Discover cards. Even more disturbing is the idea we should accept spending another $600,000,000.00 in interest on interest with this bond request. The result is no actual production, investment or tangible brick and mortar projects from this bond, just more spending, debt, and delayed accountability.
2/9/09
Legislative Report #15
Indexing for K12 Education
HF 02 the “Minnesota Miracle” K-12 education bill has an indexing clause included. Indexing provides inflation protection to budgets similar to an annual raise someone receives from an employer to offset the effects of inflation. Education in Minnesota expects revenue protection from inflation and thus includes indexing in formulas for funding.
Below is an example of how indexing state expenditures on K-12 education can affect a budget. If we apply a 4%, inflation to the next biennium K-12 education would receive a $542,395,200.00 automatic funding increase in 2012.
FY 2010 state spending on K-12 education
$6,647,000,000.00 multiply by inflation of
3.5% automatic increase of $232,635,000.00 $44.74 per every man, woman and child in Minnesota
4% automatic increase of $265,880,000.00 $51.13 per every man, woman and child in Minnesota
5% automatic increase of $332,350,000.00 $63.91 per every man, woman and child in Minnesota
In FY 2011, $6,912,880,000.00 from FY 2010 plus 4% inflation equals $276,515,200.00 resulting in a spending level going into the next biennium of $7,189,395,200.00 for K-12 education. Also, remember HF 02 includes about $2,500,000,000.00 spending increase over inflation. Under HF 02 and only a 4% inflation rate Minnesota is committing $9,689,395,200.00 or $1,863.35 per every man, woman and child in Minnesota on K-12 education in 2012, a 45.5% increase in just 2 years.
2/12/09
Legislative Report #16
Fireside Report #01
Campaign Committee for Constitutional Republicans are producing a series of Legislative video updates for House 50-A citizens and any other folks interested in Minnesota state government Legislative activities. Our first contribution posted on U-Tube at the link below.
Tim Utz Legislative Update 2009 #1
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