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One Democrat votes against Malloy tax refund proposal

HARTFORD, Conn. – Rep. Ted Moukawsher of Groton was the lone Democrat on the Finance, Revenue, and Bonding Committee Tuesday to vote against the governor’s $155 million election-year tax refund.

The money for the refund would come from the 2014 surplus, which was certified by state Comptroller Kevin Lembo Tuesday at about $504.9 million.

The final vote was 31-19 in favor of the proposal. Moukawsher joined Republicans in voting against it partly because of Lembo’s analysis of the current budget.

Lembo warned Gov. Dannel P. Malloy in his monthly letter that most of the 2014 surplus comes from “a one-time tax amnesty program, and from the most volatile component of the income tax, which relies on strong stock market performance.” He also reminded the governor that the legislature’s Office of Fiscal Analysis and the Office of Policy and Management has estimated budget shortfalls beginning in 2016.

“That’s unfortunate that we’re not seeing ourselves in deficit,” Moukawsher said referring to the more than $1 billion deficit in fiscal year 2016.

See the complete story at CT News Junkie.

Comments

3 responses to “One Democrat votes against Malloy tax refund proposal”

  1. John Hamlin

    So of all the Democrats on that committee there’s only one with a lick of sense. No wonder the state is going down the drain.

  2. EveT

    Spending money to mail out refund checks is such a bad idea. I’m really sorry to see the legislators ignore the predictions that we’ll need this money next year and beyond.

  3. Silence Dogood

    Stop calling borrowing in excess of what we needed a surplus. It is an insult to anyone with half a brain. This is deficit spending plain and simple. Each $55 check is going to cost the state at least $25 to issue. Making this legal is unethical and anyone who voted for this should be tossed out on those grounds alone.

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