The $40 billion two-year budget proposed Wednesday by Gov. Dannel P. Malloy closes a major deficit at little cost to the middle-class, while cutting social services, adding to the tax burden on business and making a small down payment on an ambitious 30-year plan to overhaul transportation.
February 18, 2015 @ 5:24 pm
Posted inEducation
Higher education cut, local school aid flat in Malloy budget
Gov. Dannel P. Malloy’s budget proposal cuts support for the state’s public colleges and universities, provides level funding for state aid to school districts, offers financial aid to undocumented students, and would fund four new charter schools.
Posted inHealth
Medicaid clients, seniors, health care providers face cuts under governor’s plan
About 34,000 parents would lose Medicaid coverage. Seniors would have to pay more for home care. The state would abandon a plan to better coordinate care for the costliest Medicaid clients and most health care providers that treat Medicaid patients would face a pay cut. It is all part of Gov. Dannel P. Malloy’s aim to save hundreds of millions of dollars through cuts to health care and social service programs.
Posted inMoney, Politics
Malloy proposes a ‘best-in-class’ transportation system
Gov. Dannel P. Malloy put forward a 30-year, $100 billion transportation initiative Wednesday, including a $10 billion investment in state and federal funds over the next five years. But the governor’s proposal does not say how it would keep transportation spending balanced beyond the next two years.
Posted inMoney, Politics
Text of Gov. Dannel Malloy’s biennial budget address
Here is the complete of Gov. Dannel P. Malloy’s budget address delivered Wednesday to the Connecticut General Assembly.
Posted inPolitics
Malloy’s budget message focuses all eyes on the road ahead
Gov. Dannel P. Malloy’s televised budget speech Wednesday reflected an imperative of political messaging that Malloy has long embraced as candidate and governor: Don’t linger over problems like deficits, but keep moving forward with new ambitions, enticing the press and political establishment to follow.
Posted inMoney, Politics
Malloy plan pumps up tax receipts by more than $800 million
Gov. Dannel P. Malloy’s two-year budget plan raises more than $360 million in net new tax receipts over the biennium, while canceling or delaying more than $480 million in net tax cuts that he signed last term and promised to start after the election.
Posted inMoney
Event: ‘Budget Unbundled’ program set for Feb. 25 in Hartford
“Budget Unbundled: A Closer Look at Connecticut’s Fiscal Roadmap,” a program discussing Gov. Dannel P. Malloy’s proposed state budget, will take place Wednesday, Feb. 25, at the Hartford Marriott Downtown, 200 Columbus Blvd., Hartford.
Posted inMoney, Politics
The Malloy solution: Deep cuts, new tax revenue, deferred promises
The biennial budget Gov. Dannel P. Malloy intends to propose today would erase a two-year, $2.5 billion shortfall with $1.6 billion in spending cuts and $900 million in additional revenue, an attempt to say he is equitably spreading pain while keeping a pledge not to raise taxes. Malloy, a Democrat re-elected last fall, is proposing a three-pronged approach to his second fiscal crisis in four years: deep spending cuts, combined with additional revenue raised by deferring promised tax cuts and boosting tax receipts without changing rates.
Posted inMoney
UConn think tank predicts state’s economy will flourish in 2015
After growing modestly over the past three years, the state’s economy is ready to shift into high gear in 2015, according to a report Wednesday from the University of Connecticut’s economic think tank. And while the director of the Connecticut Center for Economic Analysis says the 8.1 percent growth projected for 2015 probably is too good to be true, achieving even most of that would allow the state to far outstrip the national economy.
Posted inCT Viewpoints
Low wages threaten Connecticut’s progress on early learning
It is time for the state to start living up to the standards it has set for early childhood education. It must allocate enough money to pay better wages to attract and keep the best teachers.
Posted inEducation
Op-Ed: Low wages threaten Connecticut’s progress on early learning
It is time for the state to start living up to the standards it has set for early childhood education. It must allocate enough money to pay better wages to attract and keep the best teachers.