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Saturday, May 14, 2011

DE House GOP Offer Spending Alternative

DOVER -- Playing the role of the loyal opposition, House Republicans on Thursday pitched a $298.5 million surplus spending plan to reform DelDOT's budget, invest in infrastructure and open-space preservation and cut taxes.

As lawmakers begin debating how to spend an estimated $320 million surplus, House Republicans are countering Democratic Gov. Jack Markell's proposal to spend the extra money on construction projects, debt reduction, new job creation, green-energy initiatives and a smaller tax cut.

The biggest portion of the Republican plan would go toward $100 million in infrastructure for sewer and dam projects and another $20 million to purchase and preserve open space.

House Republicans propose sending $83.5 million of the additional revenue back to taxpayers by cutting the personal-income, gross-receipts and corporate-franchise tax rates back to their June 2009 levels.

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