Posted on 07/23/2004 12:53:30 PM PDT by cogitator
Warner says Va. has $324 million surplus
Governor says most of the extra cash will go to rainy-day fund
Excerpts
Even before the record $1.4 billion package of tax increases kicks in, Virginia will reap a significant $324 million surplus from last year's budget.
The Warner administration, which successfully sought the tax boosts this year during the longest-ever session of the General Assembly, disclosed yesterday the unexpected bumper crop of revenues for the fiscal period ending June 30.
and
Surplus dollars went, to among other things, the rainy-day fund ($178 million); upkeep for state buildings ($51 million); the water-quality improvement fund ($30 million); and relief for victims of Hurricane Isabel and other disasters ($26 million).
(Excerpt) Read more at timesdispatch.com ...
Other links on this are below. Most of them have quotes from Speaker Howell.
Virginia to have millions in surplus
Economy Gives Va. $324 million bonus
Tax Foes See 'Vindication' in Surplus
(quotes Chichester)
State budget surplus breaks cash record (article notes that law requires a minimum of $147.5 million must go to rainy-day fund - RTD indicates $178 million is going there - and interesting quotes from Vince Callahan)
State's surplus of $320 million reflects rebound in economy
State revenues exceed estimates as budget ends with surplus (mentions transportation)
GIVE IT BACK YOU DEMOCRAT/RINO BASTARDS!
GIVE IT BACK YOU DEMOCRAT/RINO BASTARDS!
The one thing I hated about the Clintoon years was the Dems trumpeting the surplus like it was something to be proud of, when in fact, it's tantamount to highway robbery by the government. The fact that it's happening at the state level is even more appalling.
Those poor folks in Virginia are being taxed to death.
Put the blame squarely on the GOP. Yes, the Democratic Governor asked for the tax increases but the GOP delivered. Its not the Democrats who gave Virginians nearly $2 billion of tax increases.
Yeah I remember it too. A budget surplus is nothing to celebrate over. It just means the government is confiscating more of your income and reaping the spoils.
"...trumpeting the surplus like it was something to be proud of, when in fact, it's tantamount to highway robbery by the government."
If surluses are bad (highway robbery) what then are deficits - candy for the masses?
So, the government overcharged their customers 324 million dollars? A business that did that would have a lot of 'esplainin' to do.
I like a deficit that's big enough to take care of itself.
Well organized website: cafrman.com
It gives you practically every state.
WARNING: Be prepared to be very pi$$ed off once you find out how much of our money the bureaucrats are wallowing in!
It was all for the environment. Who can complain about that?
WE TOLD YOU SO!
...ping.
Warner lied!
That's not entirely correct. The RINOs in the Senate wanted more than the Governor asked for and they intimidated 17 spineless GOP traitors in the House to go along with them.
But the majority of Republicans opposed this tax increase.
Watch for how this plays out in next year's Governor's race.
You don't know what you're talking about.
Well if it takes the GOP losing its majority to teach them the lesson going back on your principles doesn't pay you political dividends, I'm all for it. The first time they voted for a tax increase, they shouldn't be surprised if they find themselves back in the minority. PRINCIPLES MATTER, STUPID.
Hey Warner! Give it back you lying, carpetbagging, damyankee POS!!!
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