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The kicker law should be revised so that the extra revenue would be placed in a fund to be used only when revenues fall below the expected revenue that was used to determine the budget. Just as a business has a line of credit to cover the times when actual revenue falls below expected revenue, the state needs a line of credit, hence the fund created by the revised kicker law, would cover the dips that do occur from time to time.
posted 2 years, 2 months ago
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