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Nancy Wyman Says Legislature Foolish To Spen Surplus on Ongoing Programs


by turfgrrl


July 3rd, 2007 · 9 Comments

Nancy Wyman gets it right when he levelled criticism at the new budget agreed to by the legislature. From the Courant:

“Using the great majority of this one-time windfall to fund ongoing programs is a very questionable financial practice,” she said in a written statementThe legislature’s nonpartisan Office of Fiscal Analysis has projected that the state could see budget deficits totaling $1.7 billion from fiscal years 2010 to 2012.

“This year’s enormous surplus was created mainly by workers through the payroll tax and investors through the capital gains tax,” Wyman said. “Government should be using that surplus money to safeguard the taxpayers’ financial future, not on a one-year spending spree.”

Much like the arguments echoed at the municipal level throughout the state Wyman pointed out that relying on revenue that can disappear if the economy sours is not a good financial decision.

source: The Courant, Wyman criticizes spending of $925 million budget surplus, AP July 3, 2007

Tags: CT House · CT Senate · Economy · In the News

9 Responses so far ↓ “Nancy Wyman Says Legislature Foolish To Spen Surplus on Ongoing Programs”



  • 1 anonymous // Jul 3, 2007 at 9:01 am

    Wyman’s absolutely on the mark. Looney’s retort that the legislature could have approved the Democratic plan to raise taxes instead of relying on the surplus to fund programs is lame. It’s a huge suprplus for goodness sakes; why raise taxes?

  • 2 Jerry Aldrich // Jul 3, 2007 at 9:31 am

    “Surplus” is a DIRTY WORD to those in office that see it as being a Pot O Gold, for their free for all programs.

    They have no conception that the taxpayers in this State are about to have a “Melt Down.”

  • 3 ENrwlker // Jul 3, 2007 at 10:09 am

    To say that our legislators spend money like drunken sailors is an insult to drunken sailors …

  • 4 Anonymous // Jul 3, 2007 at 10:38 am

    So the comment several threads ago was also an insult to drunken sailors with regards to Corda? I remember someone made that comment about his and Opdhal’s wild spending of taxpayers money.

  • 5 ENrwlker // Jul 3, 2007 at 11:45 am

    Yes, I think Corda ranks right up there with the legislators …

  • 6 Jerry Aldrich // Jul 4, 2007 at 10:43 am

    I saw in the paper this morning that the state is going to spend $700,000 of our tax dollars to examine the effect of gambling on our residents, and business in Connecticut. GIVE ME A BREAK. The casinos bring in $445 MILLION A YEAR to the state coffers. That does not include the lottery and other gambling operations. They could find that the casinos are actually slave labor camps, and it would not make any difference. The budget has already allocated next years projected income to be used. WE ARE HOOKED, and had better get used to it. Spending almost a million dollars on ANOTHER STUDY TO FIND OUT IF GAMBLING IS ADDICTIVE AND DAMAMGING is like throwing it out the window. This state is controlled by the Casino industry and the legislature can wring their hands and weep all they want, it is too late.

    The day before in the news it said that Casino profits were growing by leaps and bounds.

    People are crying about taxes,gas prices, home prices, low wages, no health insurance, and a thousand other problems that they claim that they have no money for. At the same time they have no problem spending every dime of disposable income, and in may cases necessary income, pulling the lever on a slot machine.

    Give me $50,000 and I will do the same study and don’t have to finish the study to give you the answer.

    GAMBLING IS ADDICTIVE.
    LEGISLATORS ARE THE MOST ADDICTED.
    IT WILL ONLY GET WORSE.

    The name of the state will eventually be changed to

    MOHEGATUCKET.

  • 7 Jerry Aldrich // Jul 4, 2007 at 10:48 am

    Bye the way folks, have a safe and great 4th. I am going to celebrate by clogging my arteries a bit more with hamburgers, steak, hot dogs, potato salad and macaroni salad.

    The take my cholesterol medicine.

  • 8 Aunt Bertha // Jul 4, 2007 at 2:46 pm

    Why not repay the teacher’s retirement fund with some of the excess? By the time I retire i will not have SS to collect and the teacher’s fund will be emptied by the poloticians in Harftord…Oh, but dare we talk about their retirement package?

  • 9 Tippy // Jul 6, 2007 at 12:53 pm

    Nancy Wyman has been pushing against the old boys club of budget busters for a long time. Good for her.

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