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Archive for Friday, January 22, 2010

Statehouse Live: Democrats propose cutting Legislature’s budget

Proposal would cut legislative pay 5 percent

January 22, 2010, 10:12 a.m. Updated January 22, 2010, 10:12 a.m.

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— House Democrats today unveiled a plan to cut the Legislature’s pay and budget to save the state $1.37 million.

“It’s time for the Legislature to make the same sacrifices that the rest of state government and Kansas families have been making since this recession began,” said House Minority Leader Paul Davis, D-Lawrence.

The proposal calls for cutting legislative pay 5 percent, adopting a non-partisan redistricting commission, delaying for two years a legislative computerization upgrade, and a 50 percent cut to franking privileges.

The total amount cut would reduce legislative spending by 9 percent.

Davis said the legislative budget has increased 29 percent over the past five years, which, he said, was unacceptable given budget cuts to health, human services, public safety and education.

At the start of the 2010 legislative session, Republican leaders proposed a plan to furlough legislators for 10 days, but that proposal went nowhere under criticism from both parties.

Overall, state government has been cut about $1 billion since last year, and faces another $400 million revenue shortfall.

Comments

KawHawk 4 years, 11 months ago

'Bout time someone suggested this....

Richard Heckler 4 years, 11 months ago

"And yet, five months later — and two years into the housing bust — the rising tide of foreclosures remains the single biggest threat to economic recovery. In 2005, at the height of the bubble, there were some 800,000 foreclosures.

This year, sadly, we are on pace to see 3.5 million foreclosures, with no end in sight.

“On Main Street, the recovery will begin when foreclosures stop,” said Senator Jack Reed of Rhode Island, who has been pushing the Treasury Department to get mortgage relief more quickly to homeowners at risk of foreclosure.

“It’s not just California and Florida anymore,” said Mark Zandi of Moody’s Economy.com. “Foreclosures are taking place coast to coast. They’re high-end homes, low-end homes, prime mortgages, jumbo loans, you name it. Foreclosure mitigation needs to be front and center.” As of March, according to Mr. Zandi, some 15 million homes were “under water,” meaning that their owners’ mortgage balance was higher — often considerably higher — than the value of the homes. Not all of those people will default on their mortgages. But many will.

Inexplicably, the Bush administration ignored the mounting foreclosure threat. The Obama administration came to office promising to do better; within a month it had announced the Making Home Affordable program, aimed at prodding the nation’s big mortgage servicers to start modifying loans in large numbers.

In addition, Congress passed a law immunizing the servicers from lawsuits that might arise for modifying mortgages. "

New York Times

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