Gov. Ned Lamont insisted he wouldn’t sign a new state budget that subverts the spending cap or borrows excessively.
The House inched closer Thursday toward a Saturday budget vote — even as negotiations with Gov. Ned Lamont stalled.
Appropriations Committee leaders have a new strategy to more pump state dollars into education, social services and health care.
Another potential wave of federal stimulus, a complex spending cap and other variables cloud the next Connecticut budget debate.
State spending for nonprofits has grown by about 10% over about two decades. With inflation, nonprofits say they lost money.
Democratic legislators expanded their majorities Tuesday, but complex fiscal rules favor Gov. Ned Lamont in the next budget debate.
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.
Democratic Gov. Ned Lamont has an ally in his fight to protect Connecticut’s growing budget reserves — a new Republican-crafted spending cap.
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.
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.
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.
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.
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.
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.
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.