Thursday, April 15, 2010

Support a "Balanaced Approach to the Budget"

The Fair Budget Coalition, via DC Fiscal Policy Institute, has issued a call to action for residents, service providers, advocates, businesses, and others to support a balanced approach to the FY 2011 budget.

From a recent email from Ed Lazere, DCFPI ED:

The proposed budget now before the DC Council takes steps to preserve public services, yet it still includes many serious cuts — in child care, job training, mental health services, disability services, police and public works — and it offers little help to address Metro’s funding crisis.

Please join us in telling the DC Council that you support taking a balanced approach to this year’s budget — by including new revenues that will help preserve crucial investments in health care, education, social services, and affordable housing.

The crushing national recession has brought hardship to DC families.   Unemployment has more than doubled over the past two years and public needs are rising dramatically — but the District has fewer resources to meet those needs because revenues have collapsed.

The proposed cuts will hurt families that are struggling to stay afloat and will jeopardize the District’s ability to make the most of prosperity when it returns.   The city already has suffered from cuts in schools, libraries, recreation centers, and homeless services — threatening our wellbeing now and in the future.

We can address our economic crisis and ensure a better future by taking a balanced approach that includes new revenue to maintain services and meet growing needs.

Here are 6 steps that our Councilmembers can take toward ensuring a balanced approach for DC:

  1. Increase the income tax for DC households with incomes above $200,000

  2. End DC’s tax exemption for interest paid on out-of-state bonds

  3. Update the sales tax to include more services

  4. Increase the minimum tax on businesses to $250

  5. Bring parity to the alcohol tax by taxing alcohol bought at a store at the same rate as alcohol at a restaurant

  6. Tap into the DC’s “Rainy Day Fund”

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