2009-11-14

Wisconsin Needs Better Budgeting

A recent study and report by the Pew Center on the States has ranked Wisconsin's state budget as one of the top ten worst in the country.  The study made comparisons between Wisconsin and California based on budget problems.  In fact, Wisconsin was ranked worse than New York.

Click here to read more about the study.

We can and must do better.  Our state's fiscal health must become a priority.

I have a simple idea to improve this problem:  start running our government's budget like any family or small business would have to.  We must stop the state from spending more than we bring in and eliminate the harmful borrowing of billions on the states credit card.  

One solution I support to greatly improve our state budget problems is to implement Generally Accepted Accounting Principles (GAAP).  This measure would put an end to the harmful budgeting gimmicks that have plagued our state budget for years.  As a Certified Public Accountant (CPA) of nearly 30 years, I believe I have the experience and vision to help guide our state budget out of the red.