If there is not enough revenue to cover the state budget, what three things can the Ohio General Assembly do to fix the problem?
sue the taxpayers
borrow money
cut spending
raise taxes
ask lobbyists for money
The Ohio General Assembly could take several measures to address a budget shortfall in the state. Here are three possible actions they can consider:
1. Cut spending: The General Assembly can identify areas where spending can be reduced or eliminated. This could involve reducing funding for certain programs or agencies, implementing efficiency measures, or enacting cost-saving measures.
2. Raise taxes: The General Assembly can evaluate the current tax rates and consider implementing or increasing certain taxes to generate additional revenue. This could include increasing sales tax, income tax, or corporate tax rates.
3. Borrow money: If deemed necessary, the General Assembly may opt to borrow money through issuing bonds or taking out loans to cover the budget gap. However, this should be done prudently, considering the state's ability to repay the borrowed funds without significantly impacting future budgets.
It is important to note that suing taxpayers or asking lobbyists for money are not valid or appropriate solutions for addressing a budget shortfall. These actions may not be legally feasible or in compliance with ethical standards.