The State budget is once again at the forefront of everyone’s minds, and lawmakers are trying to settle difference and come up with a balanced budget. State Treasurer Michael Frerichs says many people think his office has a hand in creating a budget, and clarified that although he makes suggestions, he doesn’t have a direct hand in crafting a budget.
Frerichs spelled out some of the issues that the state ends up having with downgraded credit ratings.
Frerichs said passing a balanced budget helps the state save money by reducing interests rates on debt taken out by the state, and allows his office to invest differently to make more money for the state. Treasurer Frerichs appeared on the Newstalk WTIM Morning Show.