Good And Bad Tax News

A report from Connecticut:

Gov. M. Jodi Rell recommended today in her revised 2009 budget that the state deposit whatever surplus is left this year in its emergency reserve.

And while Rell urged lawmakers not to promise tax breaks they can’t pay for this fiscal year, she did recommend modest sales and business tax cuts, worth about $60 million annually, starting in the 2009 fiscal year on July 1.

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