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Barclay Column: Budget Reduces Spending, does not Include New Taxes, but Brings Steep Cuts

I am pleased to report that the state budget passed on time this year. It finally put the brakes on spending, and did not include any new taxes or revenue streams. In the last two years, taxes and fees increased by $10 billion. This tax and spend mentality was simply not sustainable. I’m pleased the trend did not continue with the 2011-12 budget.

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