Why is Ohio in an 8 billion dollar budget shortfall? Well, Ohio government doesn't have a spending problem, it has a revenue problem. The deep recession and structural problems in the economy have compounded the effect of tax policy decisions.
Receipts to the General Revenue Fund did not grow at all between fiscal year 2006 and 2008. Between fiscal year 2008 and 2009, revenues fell by 12 percent, and are expected to fall another 7 percent in fiscal year 2010.
It's time Ohio begins to look at reversing the tax changes of 2005 that reduced state revenues by 2.4 billion dollars.
It's time Ohio begins to look at increasing taxes which historically have not hindered a strong economic recovery. During the recession of 1983-1989 Ohio's economy gained an average of 118,00 jobs a year. During the recession of 1993 to 1999, Ohio's economy created an average of 108,000 jobs a year. In contrast, the economy has not seen a boost from the tax cuts that have taken place since 2005.
It's time Ohio has a Green Party Governor who will truely work to get Ohio out of a recession.
Dennis S. Spisak-Green Party of Ohio Nominee for Governor
Http://www.votespisak.org/governor/
for more info, contact 330-503-1407
