Sonny Lied and the Tax Cut Died

Can we have that special session now.

Turns out the state could afford that $142 million property tax cut that Gov. Sonny Perdue vetoed after all.

State tax collections jumped $1.2 billion during the recently completed fiscal year, leaving officials with a $600 million budget surplus.

Most of the money will go into state reserves, which now stand at a record $1.2 billion.

3 comments

  1. Painterman says:

    By Ga law the surplus is already fully funded at 800 million. So any additional funds placed in the “reserve fund” above and beyond the maximum are subject to appropriation by the legislature.

    http://www.savethesurplus.org/ sign up, I think that with over a Billion in over taxation, some money should be returned to the tax paying citizens of GA! Let them know that we are watching and waiting!

  2. CHelf says:

    I just love the spokesman spin on this. Rather than focus on the fact that this money was an ‘overtax’ this is more just a sign of a great economy.

    What I think he missed was the 20% increase in the fuel tax in fiscal 2006. So instead of the focus being on a good economy what about taxing the bejesus out of people while gas prices continue to rise. Perhaps instead of giving a tax refund only to a smaller pool, how about changing the formula on the fuel tax to affect more taxpayers?

  3. Rick Day says:

    Ahhh..Sonny is just fluffing up some numbers to use as sound bytes for his next elected jump up the ladder (“When I took office, blah blah ..when I left office blah blah”)

    Such a pathetic and opportunistic joke, this rube is.

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