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Nonpartisan analysts: Tentative CT budget wipes away lots of red ink


The tentative plan to close a $1 billion hole in Connecticut’s finances starting July 1 also would wipe away more than 40 percent of the red ink threatening state government after the November elections, nonpartisan fiscal analysts reported Tuesday evening. Continue Reading →

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Down to the wire on chances for a regular-session CT budget

Gov. Dannel P. Malloy assesses the state if budget negotiations for reporters Friday night.

Updated at 10:30 p.m.
Chances of a state budget deal before the legislative session ends Wednesday could hinge on whether negotiations – sparked by Gov. Dannel P. Malloy’s new budget proposal – bear fruit overnight Monday into Tuesday. Continue Reading →

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GOP budget plan: Slash agency budgets, cut bonding drastically

Senate Minority Leader Len Fasano and House Minority Leader Themis Klarides, surrounded by GOP legislators, explain details of the party's proposed budget

Leaders insist their blueprint would close massive future deficits without tax hikes. To do that, though, the GOP minorities in the House and Senate would dilute the two big initiatives Gov. Dannel P. Malloy and the Democratic majority launched last June: a 30-year investment in transportation and a plan to share sales tax receipts with cities and towns. Continue Reading →

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A displeased Malloy to push back with a new budget of his own

Gov. Dannel P. Malloy after meeting with legislative leaders Wednesday.

After watching his fellow Democrats in the legislature unveil a budget that undermined — or even rejected — some of his biggest objectives, including the need to avoid tax hikes, Gov. Dannel P. Malloy will take an unconventional step next week to refocus his party. The governor, who traditionally begins the annual fiscal debate in early February with his own spending and revenue plan, will submit a second budget next week.
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Malloy warns of workforce cuts, affirms opposition to tax hikes

Gov. Dannel P. Malloy

Gov. Dannel P. Malloy’s administration confirmed Friday the downward trend in state revenues — though not the precise numbers — that nonpartisan analysts reported earlier this week. While the governor never used the word “layoff,” he told reporters Friday that state government’s workforce must shrink considerably soon, and that the next state budget still must be balanced without tax hikes.
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Business leaders push to intensify control of state spending

Paul Timpanelli, president and CEO of the Bridgeport Regional Business Council, comments on the governor's proposed budget Tuesday. Behind him are Tony Sheridan, president of the Chamber of Commerce of Eastern Connecticut, left, and Larry McHugh, president of the Middlesex County Chamber of Commerce.

Connecticut’s business leaders had high praise Tuesday for the deep spending cuts and absence of tax hikes in Gov. Dannel P. Malloy’s new budget. But they also warned that without an even harder, bipartisan push to control spending, businesses will remain reluctant to grow — or to support the tolls and gasoline tax hikes recommended to finance transportation improvements. Continue Reading →

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Malloy calls ‘lockbox’ vote a milestone, not a setback

Gov. Dannel P. Malloy and Transportation Commissioner James Redeker at an event last week promoting transportation investments.

What do you say when your pitch for a constitutional amendment protecting transportation revenue is strongly endorsed by the General Assembly, just not by the three-fourths margin necessary to place it before the voters in 2016? “This is a victory,” Gov. Dannel P. Malloy said Wednesday. “It’s not a hundred-percent victory, but it’s a victory.” Continue Reading →

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House takes transportation ‘lockbox’ off fast track

The Pearl Harbor Memorial Bridge, known as the Q bridge, which carries I-95 over New Haven harbor.

House Republicans blocked the General Assembly on Tuesday from reaching the super majority necessary to seek a referendum vote next year on a state constitutional amendment to create a legal ‘lockbox’ to protect future transportation funding. Continue Reading →

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Griebel: Rushing CT’s transportation ‘lockbox’ is a mistake

R. Nelson "Oz" Griebel, president of the MetroHartford Alliance.

State officials will move forward Tuesday with new constitutional language to protect transportation spending, despite warnings Monday from one of Connecticut’s staunchest “lockbox” advocates that a hurried approach could lead to trouble. Continue Reading →

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CT deficit plan taps many special funds and one-time sources

Senate President Pro Tem Martin Looney and Majority Leader Bob Duff

While the General Assembly is expected to adopt a plan in special session Tuesday to close most or all of this fiscal year’s budget deficit, restore some funds for hospitals and finance modest business tax breaks, almost 40 percent of the plan diverts resources from specialized funds and various one-time sources. Continue Reading →

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Advocates hope CT’s transportation woes will spur spending

Putnam bridge

While transportation advocates offered further evidence Tuesday that Connecticut’s aging, congested transportation system is weakening the economy, they remained uncertain whether that would translate into greater state investment in the problem. A new report from a Washington, D.C.-based advocacy group concluded congestion and aging infrastructure cost Connecticut residents in urban areas between $2,050 and $2,236 per year. Continue Reading →

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