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Posted inMoney, Politics

Final CT surplus report renews partisan budget debate

State government wrapped up the fiscal year with a $121.3 million surplus, according to unofficial numbers released Tuesday by Gov. Dannel P. Malloy’s administration. But one of the governor’s chief rivals insists the surplus wouldn’t exist had Malloy not used borrowing to defer hundreds of millions of dollars in operating costs until after the election.

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.