WASHINGTON — The House of Representatives on Wednesday approved a bill that would authorize the spending of billions of dollars to shore up Amtrak and require the passenger rail company to study the feasibility of a high-speed service from Washington, D.C., to Boston that would make no stops in Connecticut.
Dannel P. Malloy
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Municipal leaders upset with Malloy’s distribution of state aid
Municipal leaders say Gov. Dannel P. Malloy’s proposed budget will reduce non-education state grants for about a third of Connecticut’s cities and towns in the next fiscal year, and the Connecticut Conference of Municipalities is calling on the administration to make sure all municipalities are “held harmless” in the budget.
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Food stamp program under GOP microscope
WASHINGTON – Congressional Republicans this week began a comprehensive review of the food stamp program to determine what is working – and to eliminate what in their view is not – a move that could impact thousands of recipients in Connecticut. Even without changes in the program, thousands of unemployed food stamp recipients in Connecticut may find they are no longer eligible after the end of the year.
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Malloy names Sean Connolly to lead Veterans’ Affairs
Sean Connolly, a lawyer, Army reservist and decorated veteran of Operation Iraqi Freedom, is giving up a senior defense industry post to become Connecticut’s commissioner of veterans’ affairs.
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Malloy says tough budget choices in the legislature’s hands now
EAST HARTFORD – Despite recent arguments that his new state budget proposal is out of balance and over the constitutional spending cap, Gov. Dannel P. Malloy said Wednesday he wouldn’t propose more spending cuts or otherwise adjust his plan.
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More cuts needed? Malloy budget bursts spending cap
Unless Gov. Dannel P. Malloy softens his position on the constitutional spending cap, legislators already reeling from deep proposed cuts could be scrambling to make at least $100 million more per year.
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In Washington, Malloy burnishes liberal credentials, national leadership role
WASHNGTON – At the National Governor’s Association meeting this weekend, Gov. Dannel Malloy looked out for state interests, including transportation needs and environmental concerns, and began to lay the groundwork for the very political job he will hold in an important election year.
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Treasurer: Malloy plan could harm state’s reputation with investors
State Treasurer Denise L. Nappier warned Gov. Dannel P. Malloy on Friday that one component of his new budget could harm Connecticut’s reputation on Wall Street. In a letter released to the media Friday evening, Nappier – a Democrat – called the Democratic governor’s plan to rely on $325 million in borrowing to cover operating costs “too aggressive.”
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Malloy blasts Giuliani remark that Obama doesn’t love America
Connecticut Gov. Dannel P. Malloy said in Washington Friday that former New York Mayor Rudolph Giuliani’s recent comment that President Obama did not love America was “despicable.”
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Governor would cancel some town aid, other grants to close this year’s deficit
Gov. Dannel P. Malloy wants legislators to cancel $12.7 million owed cities and towns and withhold another $24 million earmarked for biomedical research, open space and historic preservation activities to reduce this year’s budget deficit.
Posted inEducation
CT colleges: Proposed cuts would probably reduce staff and raise tuition
Potentially facing painful cuts in funding from the state, leaders of the Connecticut State Colleges and Universities system on Thursday projected what it would take to close their deficits purely with tuition hikes or staff reductions. Most likely, some combination of both would be necessary, they said.
Posted inMoney
Malloy would tax business, cut services to balance budget
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.
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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, 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.
