When Gov. Dannel P. Malloy isn’t dismissing the $1.4 billion deficit awaiting state finances after the election, he’s reminding reporters it’s not even 40 percent of the mess he inherited four years ago. What gets less attention though, are the municipal aid and pension reforms Malloy also undertook with bipartisan support.
deficit
Posted inEducation, Health, Money, Politics
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.
Posted inMoney, Politics
Tax receipts plunge, next CT budget $300M in deficit
Plummeting tax receipts have ripped a nearly $300 million hole in the next state budget, leaving legislators and Gov. Dannel P. Malloy just one week to fix it, according to a new report Wednesday from fiscal analysts.
Posted inMoney, Politics
McKinney presses Malloy to scrap rebate as revenue estimates slip
Updated, 9:19 p.m. With early analyses of state income tax returns showing receipts could fall short of budgeted levels, the top Republican in the state Senate renewed his call Wednesday for Gov. Dannel P. Malloy to scrap his controversial tax rebate plan.
Posted inMoney, Politics
Malloy’s election-year tax cuts face big test this week
With his campaign announcement out of the way, the governor faces a big election-year test this week when a legislative panel decides whether to back his controversial tax rebate plan.
Posted inMoney, Politics
Election-year politics, future deficit, limit CT budget options
Election-year politics. A large future deficit. A sticky constitutional cap. Budget obstacles are everywhere as legislators return Wednesday to the Capitol for the 2014 General Assembly session.
Posted inHealth, Money, Politics
Malloy would expand renters’ aid to 12,700 Connecticut seniors
Gov. Dannel P. Malloy proposed expanding a renters’ rebate program to serve an additional 12,700 low-income elderly residents next fiscal year, ending a controversial freeze that originated in his administration.
Posted inPolitics
U.S. Supreme Court won’t hear Rowland appeal in union layoffs case
The U.S. Supreme Court has declined to hear former Gov. John G. Rowland’s appeal regarding a ruling that his administration used layoffs to punish state employee unions in 2003. The case now heads back to U.S. District Court in Hartford, where Rowland will file a motion to dismiss the case, according to a written statement released Monday through his attorney.
Posted inMoney, Politics
Will Malloy spend Connecticut’s shaky surplus on election-year tax cut?
Gov. Dannel P. Malloy finally has a chance to trumpet a large budget surplus, even though much of it stands on shaky underpinnings. And Republicans suspect the Democratic governor will use it next month to pay for an election-year tax cut — even though a larger deficit has been forecast for just a year from now.