malloybudget2015

Recent Posts

As legislators struggle with human services cuts, are tax hikes coming?

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Besides living with a sense of panic and staying up at night worrying, Marina Derman has been in advocacy mode lately, trying to convince lawmakers to salvage the program she says saved her family from crisis. She’s one of many people waiting for a resolution to the next state budget. Many legislators have criticized the deep cuts to health care and social services in the governor’s proposed spending plan, but it’s not yet clear how they plan to address the looming $1.3 billion deficit while avoiding cuts some have called untenable. Continue Reading →

Filed under: Budget/Economy, Health Care, Politics, malloybudget2015

With protest, legislators move forward governor’s human services budget cuts

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The legislature’s human services committee voted to move forward Gov. Dannel P. Malloy’s proposed social services budget, but not before disowning the cuts within it and debating whether the way they handled the measure was a sufficient protest. Continue Reading →

Filed under: Health Care, Politics, Catherine Abercrombie, Human services committee, malloybudget2015, Medicaid, Rep. Terrie Wood, Sen. Joe Markley

Dispute over Malloy borrowing plan heats up

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Updated 1:25 p.m. Tuesday
Tensions built Monday between Gov. Dannel P. Malloy’s administration and state Treasurer Denise L. Nappier over the governor’s controversial proposal to use $325 million in borrowed funds to pay off debt over the next two years. Continue Reading →

Filed under: Budget/Economy, Politics, bond premiums, bonding, Connecticut state budget, malloybudget2015, Rob J. Kane, Treasurer Denise L. Nappier

Governor’s budget needs $300M in borrowing to stay in balance

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Gov. Dannel P. Malloy’s new budget would need more than $300 million in borrowing to cover operating costs over the next two years if projections from nonpartisan analysts and the treasurer’s office are correct. The governor’s budget relies on a controversial fiscal practice that faces increasing scrutiny and drives up the interest rates Connecticut pays to borrow funds for school construction and other capital projects.
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Filed under: Budget/Economy, bond premiums, bonding, Connecticut state budget, malloybudget2015

CT colleges: Proposed cuts would probably reduce staff and raise tuition

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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. Continue Reading →

Filed under: Higher Education, college tuition, Connecticut State Colleges & Universities, Erika Steiner, Gov. Dannel P. Malloy, malloybudget2015, Richard Balducci, state budget

Malloy would tax business, cut services to balance budget

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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. Continue Reading →

Filed under: Budget/Economy, Chase T. Rogers, Dannel P. Malloy, malloybudget2015, Second Chance Society

Higher education cut, local school aid flat in Malloy budget

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Gov. Dannel P. Malloy’s budget proposal cuts support for the state’s public colleges and universities, provides level funding for state aid to school districts, offers financial aid to undocumented students, and would fund four new charter schools. Continue Reading →

Filed under: Early Childhood Education, K-12, Schools/Child Welfare, Connecticut State Colleges and Universities, Gregory Gray, malloybudget2015, Next Generation, Susan Herbst

Medicaid clients, seniors, health care providers face cuts under governor’s plan

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About 34,000 parents would lose Medicaid coverage. Seniors would have to pay more for home care. The state would abandon a plan to better coordinate care for the costliest Medicaid clients and most health care providers that treat Medicaid patients would face a pay cut. It is all part of Gov. Dannel P. Malloy’s aim to save hundreds of millions of dollars through cuts to health care and social service programs. Continue Reading →

Filed under: Health Care, budget, malloybudget2015, Medicaid, nursing homes

Malloy proposes a ‘best-in-class’ transportation system

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Gov. Dannel P. Malloy put forward a 30-year, $100 billion transportation initiative Wednesday, including a $10 billion investment in state and federal funds over the next five years. But the governor’s proposal does not say how it would keep transportation spending balanced beyond the next two years.
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Filed under: Budget/Economy, Politics, Connecticut state budget, Department of Transportation, malloybudget2015, transportation

Malloy plan pumps up tax receipts by more than $800 million

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Gov. Dannel P. Malloy addresses the General Assembly in a joint session after announcing his budget proposal on Wednesday.

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. Continue Reading →

Filed under: Budget/Economy, Politics, Connecticut state budget, corporation tax, credits, Gov. Dannel P. Malloy, income tax, malloybudget2015