Cheap Gas and Pencils Could Cost State
April 29th, 2008 by flanewsDespite a budget shortfall of more than three billion dollars lawmakers are still considering two tax break holidays. The Governor continues to support a gas tax reduction. House representative Marti Coley is pushing for a back to school tax break that would cut sales tax on items like notebooks and pencils. Coley said the tax break will stimulate the economy.
�The whole budget is challenging. Once again let me emphasis the relief for our families. The relief for our economy will far outweigh any loss that we take,� Coley said.
Early estimates show the week long tax break would cost the state about 23 million dollars.
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