Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SUNDAY, June 10, 1990 TAG: 9006110180 SECTION: EDITORIAL PAGE: F-2 EDITION: METRO SOURCE: DATELINE: LENGTH: Short
Attorney General Mary Sue Terry saw "good news for Virginia taxpayers" in the court's rulings. Michael Kator, a lawyer representing pensioners who are seeking refunds, was equally optimistic that the rulings were good news for federal retirees.
The U. S. Supreme Court triggered this controversy with an earlier decision that made illegal the state's old system of taxing federal pensions while exempting pensions of state and local government retirees. The court, ultimately, must decide whether some 200,000 federal pensioners living in Virginia are entitled to refunds.
With a $400 million hit on the state treasury at stake, Virginia taxpayers should hope Ms. Terry's reading of court signals is the correct one.
by CNB