November 15th, 2010
08:21 AM ET
4 years ago

New governors: Budget cuts not tax hikes

NEW YORK (CNNMoney.com) - Balancing state budgets these days is tough enough. But more than a dozen governors have promised to do it without raising taxes.

These state chiefs, nine of whom were elected two weeks ago, will have little choice but to slash spending in order to bring their budgets in line, experts say. All of them are Republican, save for New York's Gov.-elect Andrew Cuomo.
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Filed under: 2010
soundoff (3 Responses)
  1. King

    What is with these repugs all they want to do is cut jobs an don't want to raise taxes. Why they don't want to inconvenience the upper classes by letting them take home a few more dollars a month but they want to ravished the young poor mother with kids by taking their jobs. I don't see the logic. If you take their jobs you still have to pay them unemployment. That's more money the state will be losing. Why don't you ask them if they want to take a pay cut or better yet raise their taxes so they can keep thei jobs and go buy from the stores malls supermarkets and let local business have a chance to survive and creat jobs. At this point we can't afford to decrease the customer base. Businesses will have to react to the decrease in business and start laying folks off. Let me repeat myself for the millionth time customer, customers, customers, without customers where you are going to get your demand from and without demand how can business exist.

    November 15, 2010 09:26 am at 9:26 am |
  2. T'sah from Virginia

    "All of them are Republican, save for New York's Gov.-elect Andrew Cuomo."

    WHAT????

    No Comment!!

    T'sah is N2 Moving America Forward with our Leader, President Barack Obama!!

    November 15, 2010 09:48 am at 9:48 am |
  3. Chipster

    ...and they expected to do it by raiding the high-speed rail funds. They already hit a bump on the track. The legislation for the high speed rail projects restricts spending of those funds to the rail project. If they don't use it on the rail project, they must return the funds. It's going to be interesting to see how they balance the budget without tax increases. None of them have said where they will cut spending.

    November 15, 2010 09:56 am at 9:56 am |