This proposed supplemental budget reminds me of an Eastwood movie – The Good – The Bad and The Ugly.
The “good” is that our economy has improved and current tax rates will put more than a billion dollars of new money into the next budget. Another “good” idea is temporarily lowering property taxes.
Unfortunately the “bad” and the “ugly” are pretty bad and ugly: a capital gains income tax. A new tax that opens the door for other income taxes and the reckless expansion of government we’ve seen in other high tax states.
I’d prefer a budget that gave back a big part of the new budget surplus to tax payers, and put even more aside in the well named “rainy day fund.”