As we close in on the end of the first round of this election cycle — the primary is this coming Tuesday, August 16 — it is important to remember that there are two state fiscal issues that matter this year.
The first is how the candidate stands on state spending levels. The second — injected into this cycle by the Governor and the Senate — is how the candidate stands on cutting the PFD.
Some try to minimize the second, arguing to one degree or another that the state’s financial condition is too far gone to be salvaged without permanently cutting the PFD and converting the difference to support state spending.
But that attempt to minimize the importance of maintaining the PFD is wrong and overlooks the fundamental reason both issues are important. Continue reading