A Revenue Question
The latest figures from the Department of Finance & Administration shows the state is running a $14 million surplus so far this fiscal year. Sales tax revenue came in above expectations, indicating a reviving economy. As the economy continues to recover, the state may well accumulate a $100 million surplus this year.
For four years we have been told we must pay more taxes to cover revenue shortfalls. Now that we are accumulating a surplus, will the governor propose a policy that returns surpluses to the people via a tax cut?
Answer: Only if the governor is Van Hilleary.
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