The General Assembly adopted a $19 billion budget early Sunday that relies on about $200 million in fund sweeps and risky savings and revenues assumptions to stay in balance – including the last-minute discovery of $75 million in “miscellaneous” tax receipts.
Keith M. Phaneuf, Jacqueline Rabe Thomas and Arielle Levin Becker
Posted inEducation, Health, Money, Politics
Budget panel fills Malloy’s gap, boosts social services
One week after a $70 million hole was uncovered in Gov. Dannel P. Malloy’s budget proposal for 2014-15, the legislature’s Appropriations Committee is set to make revisions increasing spending for social services, while using surplus funds to close the budget gap.
Posted inEducation, Health, Money, Politics
Malloy offers lean $19 billion re-election year budget
Updated at 2:02 p.m.: Gov. Dannel P. Malloy offered a $19 billion budget Wednesday that — among many other proposals — would give tax breaks to middle-income households, consumers and towns while limiting spending growth to just under 3 percent.