Malloy: Here’s Your Rebate, Taxpayer

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Gov. Dannel P. Malloy today offered his plan for the state surplus. He wants to give it back to voterstaxpayers.

But he would also use the $505 million budget surplusexcess revenuephony surplus for the state’s rainy day fund and to reduce long-term debt payments.

“Connecticut has faced more than its share of challenges over the last few years.  Now that things are beginning to improve, it’s critical that everyone shares in the recovery,” Malloy said in a statement released by his office.  “The plan I’m laying out today takes the responsible path.  It puts money in the rainy day fund so that we can be prepared the next time we face financial challenges.  It puts additional money into our pension fund so we can pay down our long term debt.  And it provides a modest refund for residents who have faced more than their fair share of obstacles.”

 

Read more at Courant.com

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1 Comment

  • Nancy Horanzy

    I just heard the news brief on t.v. about the tax rebate because of a surplus of money in the State. Are you kidding me?!?!?!?!?! I am an employer and we just paid today an extra 150%, yes 150% more on our federal unemployment tax to pay on the State's debt to the federal government for money borrowed. On what planet do you have a surplus and have debt at the same time. Oh yeah, in Connecticut, where you pass the debt on to small business to make it even more difficult to run a business. Wow, talk about a political move!