State legislative leaders say they need a tentative, bipartisan deal by mid-afternoon Wednesday to keep alive their hopes of adopting a new state budget next week.
2017 State Budget
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Malloy steps up attack on GOP’s pension reforms
Gov. Dannel P. Malloy has repeatedly attacked a linchpin of the Republican budget plan on legal grounds, arguing that unilaterally trimming pension benefits in 2027 to save millions now is doomed to failure in court. On Tuesday, in an effort to influence bipartisan budget talks, he said the GOP’s math doesn’t work, either.
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Budget fight threatens credit for a third of CT municipalities
Moody’s Investors Service announced measures that could lead to lower bond ratings — and higher interest costs — for 51 municipalities and six regional school districts, affecting nearly $7 billion in outstanding debt.
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Malloy counters with ‘lean, no-frills, no-nonsense’ budget
In a bid to end Connecticut’s budget stalemate and persuade legislators to abandon a legally questionable deferral of contributions to the state’s underfunded pension fund, Gov. Dannel P. Malloy unveiled his fourth budget proposal for the new biennium Monday. It asks lawmakers to reduce tax increases by accepting deeper cuts to town aid, education and social services.
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Unions to CT lawmakers: We would see you in court
State employee unions sent a letter to all 187 General Assembly members Thursday, warning them to avoid pension changes that would lead to a court battle.
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Shut out of budget talks, Malloy takes a stroll — to visit the press
Shut out of budget negotiations for a week, Gov. Dannel P. Malloy stretched his legs Thursday. Trailed by staff and security, Malloy strode from his 2nd-floor office to a 4th-floor landing outside the press room at the other end of the State Capitol. It was his second visit in as many days, using the press to remind public and politicians of his parameters for a budget deal.
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Optimism gives way to restraint in bipartisan push for CT budget
One day after Democratic legislative leaders optimistically anticipated a bipartisan budget deal in the coming days, lawmakers took a more restrained tone Wednesday, but insisted talks are still making progress.
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Malloy warns he would veto a budget that defers pension contributions
Gov. Dannel P. Malloy reaffirmed his warning to legislators Wednesday that he would veto any state budget — even one enacted with bipartisan support — if it is riddled with the same gimmicks he rejected two weeks ago.
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Another day of negotiations yields optimism, but no deal
The state’s long-running budget drama took a new twist Tuesday as some legislative leaders hinted they were closer than ever before to a bipartisan deal, absent any input from the Democratic administration of Gov. Dannel P. Malloy. But House Speaker Joe Aresimowicz, D-Berlin, conceded that any bargain likely would include measures Malloy already has vetoed and labeled as gimmicks.
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CT closed last budget in the red — for the third straight year
Though state government has gone 102 days into the new fiscal year without a budget, the outgoing year’s finances weren’t trouble-free. Connecticut closed the 2016-17 fiscal year with a $22.7 million deficit, its third consecutive year in the red.
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Legislative leaders aim for tentative CT budget deal, but then what?
While legislators leaders were cautiously hopeful Monday they could recommend a bipartisan state budget deal by early next week, whether it would be a package rank-and-file lawmakers could accept remained uncertain.
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Malloy: Budget standoff is putting new CT jobs at risk
The state’s 14-week-old budget impasse is taking a toll on Connecticut’s economic development efforts, putting thousands of potential new jobs at risk, Gov. Dannel P. Malloy said Thursday.
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Hospital lawsuit no longer an obstacle to new CT budget deal
Gov. Dannel P. Malloy’s administration clarified its position Thursday on a new taxing arrangement with Connecticut’s hospital industry — removing a key stumbling block to a new state budget in the process.
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Can CT lawmakers move past rhetoric to a new budget?
Whether legislators and Gov. Dannel P. Malloy can prevent a Hartford bankruptcy, further bond rating downgrades, emergency municipal tax increases, and the loss of huge federal dollars could hinge on their ability to set aside political rhetoric.
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No budget progress amid a day of political theater
Connecticut’s budget drama continued Tuesday with two plot twists: the failure of the House to override the veto of a Republican-authored budget, followed by a Democratic challenge for the GOP to accept a legally suspect measure to temporarily stabilize public services while continuing negotiations.