It might work for the next two years, and maybe a few more after that. But it’s clear it won’t work forever.
Gov. Mark Gordon was the first to admit it as he presented his 2021-22 biennium budget proposal to state lawmakers on the Joint Appropriations Committee this past Monday. Taking $266 million from the Legislative Stabilization Reserve Account (better known as the rainy-day fund) every two years to fund K-12 education and local government spending is unsustainable.