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DEL.ICIO.USTo paraphrase Mr. Twain: Put all your eggs in a single basket, and then watch the basket
The Atlanta Journal-Constitution
Remember the $142 million property tax cut that Gov. Sonny Perdue drew a line through last month? If you’re a member of the Republican base, it’s not the kind of thing you forget.
Once vetoed, the money went into the Revenue Shortfall Reserve Fund. Think of it as 142 million eggs placed in a single basket.
Jared Thomas and his anti-tax group, Americans for Prosperity, have assigned themselves the task of watching the basket.
On Tuesday, they intend to start a “Save the Surplus” petition, passed around the state, to encourage all in the state Capitol — be they governors, lieutenant governors or speakers — to preserve that $142 million like it was a errant snail darter, perhaps even sending it back to its original habitat next year.
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By Bill Kecskes
June 25, 2007 9:41 AM | Link to this
The $142mm was a line-item veto of the “un-vetoed” HB 94 (mid-year supplemental FY ‘07 budget bill). The General Assembly needs to over-ride the veto; either in a special summer session or most likely in January 2008.
By Darrell
June 26, 2007 7:05 AM | Link to this
The big lie is that it was needed for the reserve fund. The reserve is fully funded at $800,000,000.00. By law that’s the max that can be put in. Any other funds, above the 800 mill, in the account are “subject to appropriation”