Connecticut state budget

Recent Posts

Walker: ‘Devastating’ cuts cannot solve CT’s budget woes

Office of Fiscal Analysis Director Neil Ayers (left) and Office of Policy and Management Secretary Ben Barnes (right)

As analysts outlined a grim picture Wednesday that could include further cuts to state social services and reversing recent enhancements in local aid and transportation, one key lawmaker insisted officials must discuss raising revenue in 2017. Continue Reading →

Filed under: , , , , , , ,

Fasano: Bipartisan talks on top issues should begin next week

Republican Senate Majority Leader Len Fasano responds Monday to Gov. Malloy's proposal for bipartisan talks on the state budget.

Noting that Malloy indicated shortly after Election Day that he would reach out to both parties, Fasano said state government could miss a chance to improve confidence among businesses and the general public if it waits to begin discussions until the 2017 General Assembly session — which starts Jan. 4. Continue Reading →

Filed under: , , ,

Debt costs, shrinking revenues taking big toll on next CT budget

Top from left, Senate Republican leader Len Fasano, House Republican leader Themis Klarides and Malloy administration budget director Benjamin Barnes

Surging debt costs and shrinking revenues alone will force state officials to cut $1.1 billion to $1.3 billion out of the next state budget to avoid tax hikes, according to separate analyses Tuesday from two fiscal agencies. But the two reports probably still don’t reflect the full cuts to discretionary programs that would be required to stave off tax hikes. Continue Reading →

Filed under: , , , ,

Teacher pension costs to surge, widen hole in next state budget

state capitol dome

State spending on retired teachers’ pensions is set to surge $282.7 million next fiscal year – a 28 percent increase the state is obligated to fund and is likely to worsen budget deficit projections for 2016-17 by $47 million. Continue Reading →

Filed under: , , , , ,