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JUNE 09 20081. Repercussions of the ExxonMobil Ruling
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Repercussions of the ExxonMobil Ruling
by Roger Shuler of Legal Schnauzer
.....The news is particularly bad in Alabama, where we persist in
relying on unstable sales taxes to fund essential state services. The
fiscal reality is not holding up to Governor Bob Riley's rosy
projections, so the state is looking at massive budget cuts in both the
general and education funds.
....That $3.6 billion was slated to go into a reserve fund. Think the
state could use some of that cash right about now?
<link to source>
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| Photo: Wikimedia - Stephen (danrandom) Vacating the $3.5 Billion fine for Exxon Mobile will cost Alabama millions in health care, prescription drugs and additional state troopers. ExxonMobile Oil Platform (Alpha Beryl) |