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Daniels wants taxpayer refund back in budget

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Indiana Gov. Mitch Daniels has written lawmakers to urge them to restore an automatic taxpayer refund that was removed from a budget proposal this week.

Daniels wrote in the letter dated Monday that he was "deeply discouraged" that the refund wasn't included in the latest version of the budget bill. The refund would give money back to taxpayers if the state reserves reached a certain level.

The Republican governor says the concept is taxpayer friendly and supported by a large majority.

Republican Senate Appropriations Committee Chairman Sen. Luke Kenley of Noblesville says there are more responsible ways to spend extra state money. The version of the budget that passed his committee would spend excess revenue on unfunded pensions, which Kenley says would help future budgets.

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  • Pensions
    State tax funded pensions. Funded by people who don't have pensions. Scrap them and save like the rest of us. I need my money back.
  • 401K
    You need a better finacial manager, my fund is aroud 7$ for the last 10 year run, the secret, diversification and staying in the market when it crashed, , I bought a ton of mutual fund stock at historic lows because I did not bailand the market is up 28% in the last year.My complaint, I paid into the teachers retirement and the money was spent by politicians and they only fund our retirement on a early basis. They spent my money
  • Say what?
    These retirement pensions should have been converted to 401K long ago. Then, all these state workers would be eating beans like the rest of us.
  • It's Not "Extra" Money When You Have an Unfunded Liability
    Common sense dictates that when you still have an unfunded liability, then you don't have "extra" money to spend on refunds or more services.

    Rep. Kenley and his committe took the right approach with eliminating this refund gimmick proposal from a Governor who has his mind on the White House, rather than on the fiscal interests of Indiana.
  • fund the programs that I paid into for 40 years
    How can you return the money when you havn,t funded the retirement programs . ?

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