January 7, 2010

“Treasurer warns state will go broke if lawmakers don’t act”

“Washington state government is in danger of running out of money if the Legislature fails to act quickly, state Treasurer Jim McIntire says.

“With no improvement in the state’s overall cash position, the entire state treasury could be depleted as soon as September 2010,” McIntire said in a letter sent to the governor and legislative leaders last month.

Simply put, the state is spending more money than it’s taking in through tax collections because of the recession. “If they [lawmakers] don’t act, we could be in some real trouble,” McIntire said in an interview this week.

Democratic Gov. Chris Gregoire on Wednesday said McIntire’s concerns are “based on the understanding that nothing happens this legislative session.” The governor said the budget she’s proposing would take care of the problem.

McIntire, a Democrat, said he’s confident lawmakers will act in time to cut costs and possibly raise revenue through taxes to avoid running out of money. He just wants to make sure people understand the severity of the problem…

The Legislature, which starts its session Monday, has to close a projected $2.6 billion shortfall in the current two-year budget, which runs through June 2011.

The state treasury probably needs a $500 million infusion by September to “avoid entering into that zone where we run out of money,” McIntire said.

McIntire said that, as far as he knows, the state never has faced a situation like this,” quoting the Seattle Times.


January 2, 2010

CHANGES FOR 2010!

I had decided to “throw in the towel” on this Blog early in 2009, yet committed to keep up the work until the end of the year, with so many important issues and an election year. So, I am going to be putting my energies elsewhere after 4 years of Yelm Community Blog entries.
From here on out, I will have entries here only periodically to provide perspectives to important local stories, which the local media do not cover or give the public little in-depth analysis.
However, this blog will change and become a Community Welcome Page in 2010, which is in the design phase right now.

Follow new Yelm Community Blog entries on Twitter:
CLICK HERE to access!

Kleiner’s Korner, a weekly news e-letter is in the 9th year of publication.
CLICK HERE to access.

Thank you for your support & interest.
All my best in 2010!


January 1, 2010

HAPPY NEW YEAR 2010!

May your 2010 be wonderful in every way;
filled with health, laughter and grand adventures!

Thank you so much for your interest in the Yelm Community Blog.
I have had fun and learned alot doing this these last 4 years.

Steve Klein
Yelm Community Blog Host


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