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WYMAN TESTIFIES ON TAX REBATE PLAN

Contact: Steve Jensen
860-702-3308 or 860-702-3301

State Comptroller Nancy Wyman today urged lawmakers to support her proposal to use the state budget surplus to establish a taxpayer rebate program and address the state's long-term fiscal stability.

Testifying before the Finance, Revenue and Bonding Committee, Wyman said that establishing a permanent Taxpayer Relief Account would make state government more accountable to the taxpayers who built the current estimated surplus of more than $300 million.

"Our citizens have worked hard to bring this state back from recession," Wyman said. "This tax rebate plan puts money they earned back into their pockets, pays down the state's debt credit card and fills our Rainy Day Fund savings account. I believe my plan would reward taxpayers for their efforts, while building a secure financial future for our children and grandchildren."

Wyman's testimony focused on several differences between her proposal and a rebate plan submitted by the Governor. She said her plan would:

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For Immediate Release
March 12, 1998

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