Wyman criticizes spending of $925 million budget surplus - Newsday.com: "HARTFORD, Conn. -- The state comptroller criticized the new, two-year $36 billion state budget Monday for spending too much of Connecticut's $925 million surplus on one-time expenses.
Comptroller Nancy Wyman, a Democrat, said more of the surplus should have been socked away in the state's emergency rainy day fund.
'Using the great majority of this one-time windfall to fund ongoing programs is a very questionable financial practice,' she said in a written statement.
The legislature's nonpartisan Office of Fiscal Analysis has projected that the state could see budget deficits totaling $1.7 billion from fiscal years 2010 to 2012.
'This year's enormous surplus was created mainly by workers through the payroll tax and investors through the capital gains tax,' Wyman said. 'Government should be using that surplus money to safeguard the taxpayers' financial future, not on a one-year spending spree.'"
