Tuesday, November 21, 2006

Rolling in It

We're rich! From the AP:
The state budget surplus for this fiscal year has more than doubled to an estimated $486.5 million from last month as an improving economy brings in more tax revenue, Gov. M. Jodi Rell said Tuesday.

The estimate by the governor's budget office jumped from $220.1 million last month and is more than half the $940.5 million surplus compiled in the year that ended June 30. (AP)

Plans for the surplus include the creation of a money bin for the governor to swim in.

Source
"State surplus balloons to $486.5 million." Associated Press 21 November, 2006.

10 comments:

Anonymous said...

No mention that she doesn't use GAAP standards that the cities and towns must use by state law so this state surplus is probably overstated. And no mention of the paying down the debt debts she and Rowland ran up to build Adrieans landing et al. and no mention of the unfunded teachers pension that the GOP uses as a campaign weapon.

Anonymous said...

hey Jodi--- How about a tax cut?

Anonymous said...

How about paying down some more of the pension debt?

FrankS said...

If our fiscal conservatives continue bonding debts rather than incurring budget expenses and over collecting tax revenues, Connecticut's economic future looks bleak.

Anonymous said...

Fiscal dummies is a better term.

Anonymous said...

With the surplus, how about helping out the working families?

Anonymous said...

Thanks to the veto override, the donkeys will spend the new surplus and much more. Just watch.

Mirror said...

According to news reports here is a dispute about the actual size of the quesstimate "surplus" and that surplus may be only a tempory situation revolving around capital gains from the booming stock market which is only doing well due to the real estate depression. Suggest we all wait a while before we start "spending " anything so amphorphous.

Anonymous said...

GIVE ME MY MONEY BACK!

wtfdnucsubsailor said...

I hope the decision is to properly fund the pension funds and to pay down some of the state debt. New programs are not the way to deal with a budget surplus.