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House D budget: Cuts, delays, but no sales tax hike

House D budget: Cuts, delays, but no sales tax hike

Majority House Democrats launched the endgame of the election-year 2012 legislative session Tuesday, unveiling their plan to close a billion-dollar budget gap. They propose doing this by shifting $405 million in K-12 payments into the next biennium; creating a few new taxes; shedding some revenue-sharing with local government; and cutting higher education, social and health services, inmate supervision, parks, State Archives and other programs. The proposal includes some new revenue, including $18 million from a new tax on mortgage bankers…

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