Gov. Ned Lamont insisted he wouldn’t sign a new state budget that subverts the spending cap or borrows excessively.
spending cap
Posted inMoney
CT budget talks stuck on borrowing for cities, spending cap workaround
The House inched closer Thursday toward a Saturday budget vote — even as negotiations with Gov. Ned Lamont stalled.
Posted inMoney
A little-known technical bill could be the key to more money for core programs
Appropriations Committee leaders have a new strategy to more pump state dollars into education, social services and health care.
Posted inMoney
Big variables cloud upcoming CT budget debate
Another potential wave of federal stimulus, a complex spending cap and other variables cloud the next Connecticut budget debate.
Posted inGovernment, Health, Money
CT budget panel leaders pledge to reverse years of eroding funds for social service safety nets
State spending for nonprofits has grown by about 10% over about two decades. With inflation, nonprofits say they lost money.
Posted inMoney
Democrats have the numbers, but Lamont has the edge in next CT budget debate
Democratic legislators expanded their majorities Tuesday, but complex fiscal rules favor Gov. Ned Lamont in the next budget debate.
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Lamont hopes cap will keep lawmakers’ hands off $2.5B reserve
Connecticut is sitting on a multi-billion-dollar reserve but lawmakers will have to get around the spending cap – and the governor – if they want to tap it.
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Lamont hopes spending cap will protect CT’s piggy bank
Democratic Gov. Ned Lamont has an ally in his fight to protect Connecticut’s growing budget reserves — a new Republican-crafted spending cap.
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Connecticut ‘locks’ into new budgetary restraints in three weeks
In less than three weeks state government will contractually bind itself to a new series of budgetary controls for the next five years despite numerous warnings the maneuver could cause fiscal chaos.
Posted inMoney
Legislature willing to listen before locking in fiscal restraints
Leaders of the Finance, Revenue and Bonding Committee confirmed Tuesday they will hold a public hearing this month on the so-called “bond-lock” process scheduled to begin May 15.
Posted inMoney, Politics
Malloy’s fitful search for a ‘new normal’ on budgets
Gov. Dannel P. Malloy talks about his push for a “Second Chance Society” for ex-offenders and his intention to somehow coax the General Assembly into putting the state on a path to spend $100 billion on transportation over 30 years. But the reality of governing in the first months of his second term is less about big ideas than the prospect of a protracted and painful conversation with a restive General Assembly about what kind of government Connecticut can afford.
Posted inMoney, Politics
CT spending cap is unique and, some critics say, among the toughest
Like about half of the states in the nation, Connecticut has imposed a cap on the amount of money the state government can spend. But each state has approached the problem of controlling the spending habits of its governors and legislature differently, and Connecticut’s spending cap is unique in a number of ways.
Posted inMoney, Politics
Malloy’s message: Forget raising taxes, restoring cuts
Gov. Dannel P. Malloy delivered a message Thursday aimed at dissuading legislators from trying to circumvent a spending cap that Malloy says is a barrier to raising taxes or significantly restoring cuts in his proposed budget for the next biennium.
Posted inMoney, Politics
For now, Malloy says this budget problem is the legislature’s
Exactly four years ago, Gov. Dannel P. Malloy was in Norwich for the fifth of 17 town-hall meetings to pitch Connecticut on the labor concessions and record tax increase he proposed to erase the nation’s largest per-capita state deficit. Today, he is vacationing in Puerto Rico. There is no tour this year to sell the public on his plan to resolve a smaller shortfall with business taxes and spending cuts that fall heavily on the poor, elderly and disabled.
Posted inEducation, Politics
CT would have trouble financing Obama’s community college plan
WASHINGTON – Gov. Dannel Malloy said he’d participate in President Obama’s plan to provide free tuition to community college students, but he’d find it tough to fund the program, given Connecticut’s tight budget and spending cap.