.

Budget Cuts Coming Amid Connecticut’s Deficit Woes

Approximately $150 million will be cut by Gov. Dannel P. Malloy in the coming days.

 

Faced with a deficit that keeps growing, Gov. Dannel P. Malloy will be cutting approximately $150 million from the state budget this week.  

According to the Hartford Courant, that’s the most the governor is allowed by law to cut. State legislators will reportedly have to find $200 million in savings by the end of the year in the $2 billion budget.

The deficit is expected to total $1.1 billion in the next fiscal year and is already at $265 million for this year in the biennial budget.

Gov. Malloy said that fixing the deficit will not require new taxes and that poor economic conditions affecting much of the country are to blame. 

Mark Lofthouse November 28, 2012 at 07:52 PM
'Ol Dannel's plan will be simple....raise taxes.....dispite what comes out of his mouth....whatelse can he possible do, seeing that he has really not address this states spending problem. Taxes WILL go up.....more business will leave the state, taking with it the jobs needed to pay Dannel's tax. No nation in the history of the world has ever taxed itself into prosperity. I eagerly look forward to his "plan".....
RONALD M GOLDWYN November 29, 2012 at 04:28 PM
LIAR LIAR, PANTS ON FIRE. Why should we believe you. A one term governor is all you will be. Cutting higher education, and aid to those who least can afford cuts turns you into a Romney Republican, shame on you. Even Obama would not make such cuts. Now you want the Democratic Legislature to cut $200,000,000.00 more. Did you suggest where they should make the cuts, or do you raise the taxes on businesses and residents.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »