Well, all right then:
The taxpayer refund was among the few sticking points between the House and Senate version of the budgets. House Republicans supported the governor's idea, but Republican Senate leaders said it was more responsible to use any excess money to pay down unfunded pension liabilities.
The compromise budget proposal announced Thursday would meld the two ideas together.
If state reserves contain more than 10 percent of budgeted spending, half the extra money would be used for pension funds and half would be given back to taxpayers.
I can't wait to take all the money that'll be sent back to me and buy myself a . . . candy bar! If I can get someone to go halfsies.
Comments
I wonder how the $2 billion we owe the feds plays into that.
Leo:
We can stop by Connelly's Do-It-Best and split a SKYBAR...even give 'ya first dibs on WHICH TWO parts you want...
;)
What does it matter Doug, a couple billion here, a couple billion there, hell the feds would never notice anyway.
Balanced Budget, wishful thinking. Teacher, Police and Fire pensions are billions under funded. I call this a deficit year again. But politicians like Danniel's will continue to kick the can down the road until it breaks their leg.
They passed a $27 Billion budget or along those lines and they think a $1 billion is the point at which a refund generated. Come on, we all know that budgets and expenses vary from year to year. This is like a family having two weeks reserves on hand to pay funds when they lose their jobs.