Malloy looks to refund taxpayers, boost rainy day fund

By Christine Stuart

HARTFORD, Conn. – Gov. Dannel P. Malloy outlined his plan Thursday to spend an estimated $505 million budget surplus, including sending a $55 check to most taxpayers.

At Derby City Hall, Malloy said he wanted to use $250 million to bolster the Rainy Day Fund, make an additional $100 million payment to the state’s pension fund, and give taxpayers back $155 million through a refund program.

The refund program, which was done in 1998 and 1999 by former Republican Gov. John G. Rowland, gives individual taxpayers earning less than $200,000 a year a $55 check. Joint filers who make less than $400,000 would receive $110 checks.

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