There is a lot of feel good talk about how well the recent state legislative session went, with big agreements on health care, education and the budget. I’ve had a fear in the back of my mind though: What if the economy slows down in the second half of 2011, and state revenue fails to meet forecast? That looks increasingly likely.
The question highlights how bipartisanship was possible largely because of an implicit (who knows, maybe explicit) agreement not to pursue fee or tax increases. I don’t see how that arrangement survives if the economy does a double dip. The line between us and Minnesota may not be as wide as we think…
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