State Surplus Evaporates

State Surplus Evaporates

There are 73 comments on the Hartford Courant story from Apr 22, 2008, titled State Surplus Evaporates. In it, Hartford Courant reports that:

Stung by the slowing economy, the state's projected budget surplus for the current fiscal year has collapsed to only $15.7 million -- a tissue-thin margin on a budget of more than $18 billion.

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No Problem

United States

#1 Apr 22, 2008
The employees raises and cost of living adjustments will be over 4 and a half percent.They get theirs always...


#2 Apr 22, 2008
Maybe they should stop giving welfare handouts and free diapers to the future criminals of America in our cities.

Weatogue, CT

#3 Apr 22, 2008
The people cut spending.

The government should too.

Newington, CT

#4 Apr 22, 2008
Just raise the gas tax another 50 cents a gallon

United States

#5 Apr 22, 2008
They will get plenty with the rising gas tax

United States

#6 Apr 22, 2008
So what happened? 263 - 15 = 248. Where did the 248 million go? Was there a short fall on tax collection or additional spending that nobody knew about? Way short on the facts for this one, Courant.

Santa Monica, CA

#7 Apr 22, 2008
When you're out of money, stop spending. That'll work for starters.
Fed Up

South Glastonbury, CT

#9 Apr 22, 2008
Governor Rell is so familiar with all of these techniques for "fixing" the budget is because she is just as famous for using them as the legislative leaders are. Why, of course, she is a classic RINO - Republican in Name Only.

On the radio, she blamed the drop partly on a delay in receipt of Federal grants - which now won't come in until next fiscal year. No explanation was given as to why they were delayed.

Of course, state residents continue to be gored on the exorbitant taxes on gasoline and heating oil, utility costs, etc. which neither Governor Rell or the legislative leaders have done anything to help us with. Not this year, not last year, not the year before - it is not within their mantra to give the public a break.

It is long past time to get all of these incumbents out and get individuals elected who know how to run a business - something larger than a kool aid stand at the PTO meeting.

Heaven help us if the delivery tax or global warming bills go through.
Ct Luver

Fond Du Lac, WI

#10 Apr 22, 2008
If I can tighten my belt--the state can to.

And why do the state employees get a guaranteed increase every year? I didn't and a lot of other "professionals" didn't either.

Sorry Jody--the honeymoon is over--start running this state like a business.
Get Real

Granby, CT

#11 Apr 22, 2008
May be time for a golden handshake to save some state taxpayer dollars.
then after that...layoffs if necessary?

Orange, CT

#12 Apr 22, 2008
No Problem wrote:
The employees raises and cost of living adjustments will be over 4 and a half percent.They get theirs always...
If you work in the private sector you know that many do NOT automatically get a cost of living increase.
Why should state workers feel entitled to these every year?
Gotta Love It

United States

#13 Apr 22, 2008
Stop paying the politicians... great way to start.

Stop paying the "state" employees pentions that have been covicted of crimes.

Go after Rowland for his Enron fiasco.

Tax the churchs.

Chatham, NJ

#14 Apr 22, 2008
Not to worry. The state will make up for it as it usually does. Raise taxes on gas, booze and smokes.

United States

#15 Apr 22, 2008
Well when we have "teenage like behavior with a new credit card" as the mechanism for spending in the legislature, well, CT residents get what they deserve....This group of spending crazed liberals will turn CT into a 3rd world state....
Allen M

West Hartford, CT

#16 Apr 22, 2008
How very convenient.
Less Than Sympathetic

Wallingford, CT

#17 Apr 22, 2008
I don't know why they bother reporting on public finances in the paper, since no one understands how it works. A surplus is a PROJECTION of how much money they expect to take in compared to what they're spending. The surplus evaporates when all that money they expected to take in never comes in, because the State depends on sales tax, income tax, and capital gains tax. So if people stop making money, and they stop spending money, then that PROJECTED income never comes in, and thus no more surplus.

It's not like they had a big wad of cash in the bank, and now it's gone. Last year when they reported the surplus, everyone was on here ranting about how it should be spent, and how they should lower tax rates, and I said don't bet on it! I knew the "surplus" would be gone in a flash, and not because of spending it, either!

Now everyone's gonna say "duh, time for government to stop spending money!" Tell me which services to cut, and I'll introduce you to the particular lynch mob who'll string you up for even suggesting it. Such is the beauty of public service.

So yeah, a big "told ya so" to all those who were so eager to think of places to put that $250M which never came to be.
Less Than Sympathetic

Wallingford, CT

#18 Apr 22, 2008
No Problem wrote:
The employees raises and cost of living adjustments will be over 4 and a half percent.They get theirs always...
Yeah, that's because they have a step system on top of the cost of living adjustments... so every year, you move up a rung on the ladder, plus the whole ladder moves up by 3%. Try making that go away! It would never make it past arbitration, because labor attorneys argue that the State has a VAST ability to pay. They stand in front of the arbitrator and say "well, the State could reverse all their tax credit programs, they could raise taxes some more, they could tax more things like clothing and so on..." If you think the legislators are the taxpayer's worst enemy, you haven't seen a labor attorney in action yet.
True Blue

Manchester, NH

#19 Apr 22, 2008
Oil hits 120 a barrel.

Can you stop talking about repeat offenders and a roof over a train yard and demand cuts? This is an election year and both houses are in session this week. Call them and demand more cuts no government expansion and increase in spending. Its like they are in a race to the bottom.

The state is falling apart and due for another gas tax bump of .5%
WoosterSquareCom mune

Meriden, CT

#20 Apr 22, 2008
The money has evaporated because we are sending so much money abroad to Venezuela, Iraq and Nigeria each month (oil payments and road construction). The only way to balance the budget, and have enough money left over for good education, health care, etc., is to reduce our dependency on private automobiles and fix existing roads before building new ones. That means investing in train networks, buses, bicycle lanes, pedestrian friendly road design, etc. To be frank, the era of the gas guzzling SUV parked next to the energy guzzling single family home 40 miles outside of Hartford was over 10 years ago. And it will take 10 more years to undo the mess that has been created by this.
Oh yeaaah

Hartford, CT

#21 Apr 22, 2008
Time for some layoffs to the state loafers!!!!!!!! YESSSSS!!!! pay backs are a byatch

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