Wednesday, February 19, 2014

2-20-14 budget committee approves governor's tax cut plan

The senate majority leader says the property tax cut plan approved by the Jt. Finance Committee assuages concerns  about  the state’s structural deficit.  Under the plan $100 million proposed for the rainy day fund would be moved into the general fund.  "That move is going to happen.  Instead of putting money in the rainy day fund which is already significantly funded we're going to put those dollars into what we call the statuatory balance which is the money going into the next budget cycle,"  Senate majority leader Scott Fitzgerald told AM 1170 WFDL's Between the Lines program.  Fitzgerald says the governor’s $504 million

property and income tax cut plan is moving forward as proposed.

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