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Category Archive for 'Budget'

BTW You Owe 5K

The state pension fund isn’t fully funded. 
Delaware:
Total Unfunded Liability: $3.9 Billion
Workers in Plan: 30,000
Average Liability Per Covered Worker: $130,000
This comes to $5000 per person. Who doesn’t think we need change at Woodburn?

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Tuesday’s L.A. Times has an article by Peter Nicholas titled: “Adding up the cost of Obama’s agenda.”
Here’s a quote from the article:
Among other proposals during the course of the campaign, Obama has said he would strengthen the nation’s bridges and dams ($6 billion a year), help make men better fathers ($50 million a year) and […]

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Who has the best lobbyist?

$132,600 to Planned Parenthood is found in the state budget’s Tobacco Community Health Money.
$27,800 Neonatal Intensive Care Unit Family Support Project - March of Dimes
$23,100 for AIDS Delaware
$115,000 to St. Francis Hospital
It seems to me the last 3 would be a higher priority than an organization flush with money.  I guess it pays […]

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No Transfer Tax Hike

Another flashback, made necessary by Del Tech’s appearance before Bond Bill today.

November 30, 2007
The Delaware Taxpayer Coalition today announced its opposition to the plan floated by Sen. Robert Venables (D-Laurel) and Rep. Vincent Lofink (R-Bear) to raise the real estate transfer tax rate .28% to fund capital projects at the Delaware Technical and Community College.
“This […]

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Our leaders in state government are grappling for ways to keep government afloat.  I think the revenue shortfall will not be as bad as now projected any more than it was as good as projected 3 months ago.  Nonetheless, they are the best numbers we have and we have to make tough decisions.  Our leaders […]

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Here is a .pdf from Americans for Tax Reform showing the progress of transparency legislation across the states. The list has grown considerably since I first started working on the issue a year ago, and it’s wonderful to see.

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We just lost over $300,000,000 in projected state revenues at Monday’s DEFAC meeting, and now the state government is in a near-panic about how to recover the money in some way through cuts and “revenue enhancements.” What they mean by “revenue enhancements” is taking more money from YOU to fund their excesses.
Oftentimes on this site […]

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UPDATE: I was wrong. It’s not $300,000,000 over five years. It’s $326,000,000 over TWO YEARS, including $126,000,000 this year alone. That’s it. Time to slash spending. The Minner-Carper gravy train, which was built on the backs of the DuPont-Castle successes, is over. All the Democrat administrations have left us with is mountains of debt and […]

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From Leon at RedState:
It appears that Barack Obama, allegedly decent guy and agent of “change” in Washington, requested an earmark in 2006 for $1 million taxpayer dollars for the hospital where his wife works. Said hospital, by the way, gave Michelle Obama a huge raise (nearly $200,000, more than doubling her salary) in 2005 after […]

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You know all the stuff the NY Times was trying to stick to McCain but couldn’t? They were onto the wrong Senator. From HinzSight (h/t RedState):
The Hinzsight Report has uncovered an anonymous source which has provided irrefutable evidence that a US Senator with presidential aspirations has been sleeping with a lobbyist who had business before […]

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