Why are the excess $$’s are held by a state? Don’t they belong to the taxpayers?
Actually, Mitch Daniels is trying to do just that with the Automatic Taxpayer Refund. Unfortunately, we have some RINOs in the state Senate that think the money belongs to them.
When the State reserves reach 10%+ of the budget, any extra is sent back to the taxpayers. We are around 9% right now.
I'm not sure where the ATR is at the moment but hopefully they won't give up on it.