Connecticut's Budget Deficit is Growing

Is the state heading toward its own fiscal cliff?


Connecticut's budget deficit is increasing, taking a perilous plunge on Friday that is pushing it toward the $300 million mark, the Connecticut Mirror reports. 

While the website questions whether the deficit will force Gov. Dannel P. Malloy to increase taxes - again - to cover continued budget shortfalls, Malloy last week said he would not hike state taxes, according to the Republican-American newspaper. 

The growing state budget deficit, the Mirror reports, is the result of revenue shortfalls that are greater than Malloy administration officials originally anticipated. Officials in his administration blame the shortfalls on the overall weakness of the national economy. State Republican leaders, however, lay the blame on the weakening effect on the state's economy of the $1.5 million in new taxes the Malloy administration implemented in the last year.

Malloy will present his new budget plan to the General Assembly when it meets in early 2013.

Michael Brown November 13, 2012 at 11:03 AM
@LAM, I agree with you. Accept my apology. M. Jody Rell (Republican) was an inept, feckless, and absentee Governor who spent half her time in the executive branch working next to a crook (John Roland) and the other half at her home in Virginia. So the budget deficits during her administration could never be blamed on her. I should have blamed M. Lisa Moody, Rell's Chief of Staff. Moody conducted all of Rell's meetings during her extensive absences, and was pretty much the 'governor' during that time.
RONALD M GOLDWYN November 13, 2012 at 11:22 AM
Mr Brown, The elephants in the Republican Party have a good memory. During the next two years the Donkeys in power will have the opportunity to lead us out of our financial woes. I shall not be unhappy if you succeed, but I will blame you if you fail.
Michael Brown November 14, 2012 at 12:23 AM
Fix your party and then come back and talk with some semblance of pride.
LAM November 14, 2012 at 02:54 AM
Mr. Brown: Because of the legislative makeup Rell could have stayed in Virginia the whole time. The Dems had veto proof majorities most of the time and the deficits relect that. To say It was Rell's fault would mean that with an overwhelming edge in the legislature the Dems allowed a figurehead to bully them into accepting budgets most Dems would drool over. You know, tax, raise fees, chase jobs away and grow entitlements so new taxes, and even higher fees are needed to cover the feed in the trough of state goverment.
RONALD M GOLDWYN November 14, 2012 at 04:04 AM
Mr Brown, while I fix my party, you will have the opportunity to fix the state without raising taxes or fees. Then at the next election we can both speak with the pride of holding a position that the Independents will accept. Until then, lets be civil in our conversation.


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