Is your state short on money? Here’s an idea, don’t issue tax refunds:
Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.
States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.
I’m sure that when taxpayers are a little short, these states will be happy to let them pay their taxes five months late. No?
All snark aside, this gimmick is pretty close to the bottom of the gimmick barrel. You can’t address real problems by pushing expenditures into the next fiscal year.
(Via Instapundit.)
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