“The BET’s current policy is to maintain a surplus in the general fund of 5%-10%, but the Fund Balance is even higher at 11% right now, which equates to approximately $10M. In truth, the full $10M should be returned to the tax payers, but to be conservative, the recommendation is for a $3M. Of course, Indivisible, March On and the Democrats are opposed to this recommendation and believe that the rainy day fund should be used for increased spending. The opposition believes that we should continue increasing mill rates, and your real estate taxes for remediation of the fields and to pay for unfunded pension liabilities. Both of those arguments are non-sensical.” – Fiscal Freedom of CT Continue Reading →