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.
taxes
Posted inMoney, Politics
Malloy administration: CT on pace for $506M surplus this year
State finances are on pace to finish $506.1 million in the black when the fiscal year ends June 30, Gov. Dannel P. Malloy’s administration reported Tuesday afternoon.
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.