Monday, in a statement marking the end of the fiscal year, Gov. Kay Ivey teased a possible tax relief plan.
Although she warned that "a potential downswing in the economy is right around the corner," Ivey acknowledged the desire for tax relief.
However, she downplayed the possibility of a permanent tax cut, citing "temporary circumstances."
"Many predict – and I agree – a potential downswing in the economy is right around the corner," Ivey said in her statement. "We must ensure both Alabama and her citizens are in the best possible position to weather any future economic circumstances. We all know the bills have got to be paid one day, and we cannot make permanent structural change because of temporary circumstances. Anyone who tells you otherwise is likely looking to score political points – just as our federal government has done with their massive spending.
"And while the federal government acts recklessly, we, in Alabama, will be deliberate and thoughtful with our taxpayer dollars. I have spoken to folks across the state, and people are feeling the pinch of today's economy, and I have committed to them that I want to provide some relief to their pocketbooks."
Ivey said she would make a proposal to the Alabama Legislature and "some form of rebates" was forthcoming.
"As we move through the November election cycle, I will work closely with the Legislature to provide relief directly to the people of Alabama," Ivey added. "I will present a plan to the Legislature to allocate these funds in a manner that helps our citizens with the issues that we face today, while also considering our children and their future. I do believe that some form of rebates should be considered, but rest assured that every option we are exploring will be focused on the interests of our citizens and keeping our people first."
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