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.