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Thursday, January 23, 2014

Malloy Hints CT Could Get a Tax Cut

By Keith M. Phaneuf and Jaqueline Rabe Thomas

Gov. Dannel P. Malloy today offered his strongest hint yet that he might propose a tax cut in two weeks when he delivers his latest budget to the legislature.

And the Democratic governor also defended the growing state surplus that has sparked tax cut speculation, even though that fiscal cushion is due in part to borrowing and other gimmicks.

“Suffice it to say the people of Connecticut have made sacrifices, and they need to share in the recovery as well,” Malloy said in response to reporters’ questions after a public appearance at Wilbur Cross High School in New Haven to announce a school infrastructure initiative. The governor, whose budget proposal for the 2014-15 fiscal year is due to the General Assembly Feb. 5, refused to provide specifics.

“I certainly intend to spell out what my priorities are in the coming days,” he said. “I will lay out my vision on my timeline.”

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