From the President Pro Tempore:
I believe that the next best thing to do is place any funds beyond the short-term critical emergency needs into the State’s reserve (or savings) account. It always has been the Republican philosophy that surplus funds in the budget should be used to fully fund our reserves, and then used to reduce debt or returned to the taxpayers. They should not be used to grow government. This was the Senate’s position in passing a proposed constitutional amendment called the ‘Taxpayers Protection Act’ this year. Senate Resolution 20 awaits action by the House and I urge them to pass it. Since our existing reserve funds are below five percent and should be at ten percent to prepare for the inevitable economic slowdown, I will not vote to override the Governor’s veto as long as the surplus money is put into our reserve account. A permanent tax cut only will be possible once the reserves are full.
Notice he does give himself some wiggle room. It does seem to me, though, that if we don’t have a special session, the money will go straight to the reserve fund — so why bother having one?
Sonny saves face by not seeing his veto overridden and the Senate and House save taxpayers $240,000+ in change.