A $45 million hole in this year’s budget is the result of a disagreement between state and federal officials over how much the federal government should reimburse Connecticut for Medicaid spending for clients who became eligible under Obamacare.
2014 State Budget
Connecticut’s looming deficit threatens next year’s tax breaks
Gov. Dannel P. Malloy tried to stay upbeat Thursday about a legislative session that began with the promise of tax cuts, but ended with this relief being postponed in the face of a projected budget deficit.
CT budget debate play by play: New tax dollars and the state’s “spending addiction”
The debate on the proposed budget for the upcoming fiscal year included talk of gimmicks, phantom tax projections, missing retirement spending and how state budgeters behave like alcoholics. Here’s how it unfolded.
New CT budget missing $52M to cover union retirement benefits
If Connecticut’s chief fiscal watchdog is correct, there’s a $52 million hole in the new state budget Gov. Dannel P. Malloy and majority Democratic legislators hope to enact Saturday.
The budget vote is Saturday, but Malloy’s focus is November
Gov. Dannel P. Malloy shook off a demoralizing week of political and fiscal stumbles Friday, defending his stewardship of the state’s economy and budget with a focused confidence, even as he minimized fiscal challenges that await the winner of the 2014 election.
GOP relies on Malloy ‘gimmick’ to balance its budget plan
Faced with shrinking state tax receipts, minority Republican legislators Thursday grudgingly used one of the largest “gimmicks” they had chastised Gov. Dannel P. Malloy for in their latest budget proposal.
New spending, tax breaks at risk as CT lawmakers try to close new budget gap
Gov. Dannel P. Malloy and his fellow Democrats in the legislature’s majority have some options to re-balance the next state budget – but none of them are nice.