We do it the old fashioned way, we estimate more revenue than we are gonna collect. That way we can spend more. All it takes is estimates, not real money, just estimated money.
The state Democrats are pushing to put estimated revenues from gambling into the budget. Doesn't matter that we haven't passed the necessary laws to open the casino's. It doesn't matter that last time they tried, the law failed to pass the House and the Senate. It doesn't matter that the estimated revenue from gambling is about ten times what is likely to happen. Only thing that is different this time is new governor Maggie Hassan says she will sign an expanded gambling bill. Previous governor Lynch had promised to veto it.
But the Democrats want to include hypothetical revenue from as yet illegal gambling operations in this year's revenue estimate.
Can you say deficit spending disorder?
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Followup. In the last couple of days, Maggie Hassan has included $80 million estimated gambling revenue in her 2013-14 budget.
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