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Wow. Utah’s economy has apparently roared back with a vengeance. The amount of new money available for the Legislature to spend (see links in Highlights above) this year is downright amazing, rivaling the boom days of the ‘90s. One year, of course, does not establish an ongoing trend, so lawmakers should be very careful with both tax cuts and spending.
Any tax cuts should be modest and a lot of the new money should go into expenditures that can be one-time, such as transportation and other capital projects, rather than being built into base budgets of on-going programs. That protects the state and taxpayers against future downturns. While the extra money will create new fights, it ought to make the last two weeks of the session rather pleasant and enable the governor and Legislature to both accomplish their budget priorities.
Blogger Watch
House Speaker Greg Curtis has made the first posting on the Utah House Majority blog on the new budget process . . . Rep. Steve Urquhart http://www.steveu.com/blog comments on No Child Left Behind and why a lot of Republican legislators are willing to oppose President Bush on the issue.
Good Graduation Rate
Utah’s high school graduation rate was 78% in 2002, according to a new study by Manhattan Institute scholars Jay P. Greene and Marcus A. Winters, ranking the state 12th in the nation.
National Politics
Hillary Clinton is Smart and Capable
"Memo to the unwary: Hillary's comin,' and she's gonna get you if you don't watch out. (And maybe even if you do.) The junior senator from New York not only has star power, but as strategist and tactician she's miles ahead of the neutered old Democratic bulls in Congress who think the return to power lies through potholed streets trashed by recrimination and reproach. ... Hillary, in fact, is emerging as the bright light in a party of dim bulbs, a fading galaxy of has-beens reeking of halitosis and stale underwear. ... Hillary Clinton remains the most divisive figure in American politics. But she's also one of the smartest. We live in interesting times."
-- Wesley Pruden, editor in chief of the Washington Times (Source: The Federalist Patriot)
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