Apr 28, 2014
02:25 PM
Connecticut Politics

State Cancels $55 Tax Rebate

State Cancels $55 Tax Rebate

New Haven Register file photo

Gov. Dannel P. Malloy

The $55 tax rebate announced as a stepping stone to Gov. Dannel P. Malloy’s bid for re-election is no more.

State Budget Secretary Ben Barnes told legislators in a letter Monday that despite original optimism about the state budget, they have not received enough back in taxes to follow through with the proposal—nor do they have enough to make a donation into the state’s pension fund. Instead, all surplus funds will be put in the rainy day fund.The initial proposal put some money in the rainy day fund, gave some back to taxpayers, and some to the pension fund.

Malloy had been widely criticized by Republicans since the first mention of the $55 give back, with Republicans calling it an “election-year gimmick” and questioning whether there was any surplus at all. A Quinnipiac University Poll also showed voter saw the rebate as a "gimmick."

Read the letter Barnes sent to legislators uploaded by CT News Junkie.

 

 

State Cancels $55 Tax Rebate

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