Re: “Debt Reduction Act will stabilize state’s finances” (Viewpoint, 4-20), which supported SSJR 8215.
The change in the debt limit calculation from three years to 10 years of state revenues is positive. However, lowering the debt limit from 9 percent to 7 percent of state general fund revenues would have negative consequences.
SSJR 8215 would not save the state money. It would only shift spending from critical infrastructure to programs that produce lower economic returns.
A new study conducted by Hebert Research for the American Institute of Architects found that the state gets more economic bang for its buck from …